(HBO) – Following the targets set in the resolution of the district People's Council, Lac Thuy district has focused on a raft of measures to increase revenue and prevent budget losses since the beginning of this year.
Ornamental
stone crafting facilities in Soi village, Phu Thanh commune, Lac Thuy district
fulfill their State budget collection obligation
The district has proactively arranged resources for regular expenditures,
prioritising important tasks to ensure resources for social welfare policies.
In the first quarter of this year, its State budget collection reached 41.2
billion VND (1.79 million USD), accounting for 26.58% of the estimate of the
provincial People's Committee and 10.21% of the target set in the resolution of
the district People's Council. The total budget revenue hit over 188.7 billion
VND, or 35.14% of the estimate of the provincial People's Committee and 25.29%
of the target set in the resolution of the district People's Council. Its total
budget expenditure reached 35.02 million VND, representing 35.02% and 25.21%
respectively.
In the second quarter, the district will focus on effectively directing
the work of budget collection, ensuring the timely and sufficient budget
collection in accordance with legal regulations, proactively adopt measures to
increase State budget revenue, striving to complete and exceed the estimate for
budget collection in the first half of this year.
In recent times, Hoa Binh province has shown its determination and high sense of responsibility in seriously implementing the directives of the Party Central Committee and its Politburo and Secretariat regarding the streamlining of the political system’s organisational apparatus and the development of a two-level local administration system. The aim is to build a commune-level administration that is close to the people, attentive to their needs, and capable of quickly responding to the demands of both businesses and citizens, while also opening up new development spaces.
Over the past three years, the northern mountainous province of Hoa Binh has begun redefining its position on Vietnam’s service landscape with a series of distintive commercial models, from highland night markets, pedestrian-friendly streets, to logistics centres tied to local agricultural products.
Hoa Binh city has marked a significant step in sustainable forest management as nearly 1,450 hectares of its plantation forests have been granted Forest Stewardship Council (FSC) certification, an international standard required to access major wood markets such as the EU, the US, and Japan.
Construction on the Xuan Thien Hoa Binh lime and light powder factory in Yen Bong commune, Lac Thuy district - a key project of Hoa Binh province - started on April 24.
Hoa Binh city is transitioning to modern and sustainable agriculture by leveraging its natural advantages to efficiently develop crop cultivation and animal husbandry. The city is applying scientific and technical advancements to farming, processing, and distribution while expanding export markets, significantly increasing production value and incomes for farmers.
Hoa Binh province’s economy posted an impressive Gross Regional Domestic Product (GRDP) growth rate of 12.67% in the first quarter of 2025, representing a 12.76% year-on-year increase, the highest rate recorded since the beginning of the current tenure, according to the provincial Statistics Office. This robust growth reflects years of strategic groundwork and sets a strong foundation for the province’s annual growth target of over 10%.
