(HBO) - According to the provincial Department of Taxation, the State budget collection in the first two months was estimated at 420 billion VND, reaching 10 percent of the estimate assigned by the government and 9 percent of the target set in the provincial People’s Council’s resolution, and equal to 96 percent of the collection in the same period last year.
The increase in
State budget collection helps promote socio-economic development. Photo:
A corner of Hoa Binh city.
Revenues from taxes and fees (excluding land use
fees) hit 350 billion VND (13 percent of assigned target, 12 percent of
provincial target and 84 percent of the figure for the same period last year).
Land use fees totaled 70 billion VND (5 percent of assigned target, 4 percent
of provincial target and 363 percent of the figure of the same period last
year).
Notably, 11 out of the 17 State budget revenue
sources showed increases this year, including land use fees (263 percent),
fixed revenues in communes (86 percent), fees from granting rights to mineral
exploitation (59 percent), non-agricultural land use tax (31 percent), lottery
(24 percent), personal income tax (11 percent), and environmental protection
tax (17 percent). Tax collection from local State-run businesses was up 100
percent.
The taxation department will propose measures to
the provincial People’s Committee on reforming mechanisms, policies and administrative
procedures to encourage and attract investment, develop business production,
promote economic growth, thus creating more revenue sources for the State
budget.
It will coordinate measures to implement more
effectively policies of the government and provincial People’s Committee on
stabilizing macro economy, increase support for businesses, promptly remove
their difficulties, and facilitate business and production activities.
The department will step up measures to prevent budget
collection loss, contributing to curbing inflation, maintaining macroeconomic
stability and ensuring social welfare. It will also push ahead with the
modernization of tax management alongside with administrative procedure reform.
In March, the taxation sector aims to collect
350 billion VND for the local State budget to increase the three-month revenue
to 770 billion VND, meeting 18 percent of assigned target, 16 percent of
provincial target and a year-on-year rise of 6 percent, according to Nguyen Anh
Tuan from the Taxation Department./.
After more than four years of implementing a project launched by the Hoa Binh Party Committee’s Standing Board on developing agriculture and promoting product consumption linked with building new-style rural areas for the 2021-2025 period, the province’s industry and trade sector has made significant strides, greatly contributing to local socio-economic development.
Luong Son district has identified 2025 as the year for the accelerated breakthrough to successfully implement the socio-economic development plan for the 5-year period from 2021 to 2025. The district has been focusing on executing the plans and trying to achieve a GRDP growth rate of approximately 15%.
Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.
Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.
Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.
As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.
