(HBO) - According to the provincial Tax Department, in March, budget revenue in the province was estimated at 258 billion VND (11 million USD), bringing the total state budget collections in the first three months of the year to 775.7 billion VND, accounting for 15.8% of the amount assigned by the central government and 11.2% of the target set by the provincial People's Council.
The provincial Tax Department has implemented many
solutions to ensure state budget revenue in 2023.
Land
use levy collection in the first three months was estimated at 70.2 billion
VND, reaching 3.5% of the Government’s target, and 2% of the provincial
People's Council estimate.
Tax
and fee collection (except for land use fees) was estimated at 705.5 billion
VND, reaching 24.2% of the Government’s target and 20.8% of the provincial
People's Council estimate, equivalent to 106.3 % of the figure of same period
last year.
In
the coming time, the provincial Tax Department will continue to effectively
implement the direction of the Government and the provincial People's Council
and People's Committee on implementing socio-economic development tasks and the
State budget estimate in 2023; the main tasks and solutions to improve the
business environment and improve the competitiveness of the province in 2023.
The department will also
synchronously deploy solutions to enhance revenue source management and prevent
loss of budget revenue./.
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%.
With a focus on cash crop farming with science - technology application and brand building, Lac Thuy district is gradually increasing production value, improving people's life quality, and laying the foundation for sustainable socio-economic development.
In recent years, the economic development model "Hoa Binh Earthworm Farm” run by Mr. Bui Van Dang in Co Giua Hamlet, My Thanh Commune (Lac Son district) has not only brought stable economic value but it is also environmentally friendly, helping to protect and reduce pollution, contributing to the construction of a green and sustainable agriculture.
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
