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(HBO) - After two consecutive years (2019, 2020) of falling short of announced goals in the province’s state budget collection, works for the current year pledge to flourish despite compounded difficulties, thanks to efforts and political determination by all sectors and levels. Accordingly, state budget collection is set to achieve and even out-perform targets.
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This year
witnesses higher import-export tax collection than estimates tasked by Prime
Minister, contributing to bright performing prospects of the province’s state budget
revenues (Photo taken at Hai Hien Bamboo and Wood joint-stock company –
Hoa Binh City).
In 2021, the People’s Council resolution set state budget
collection target in the province at 5.070 billion VND, an increase by 711,6
billion VND from estimates allocated by the Prime Minister (PM), including
domestic revenues of 4.820 billion VND, import-export tax revenues of 250
billion VND. The set target is by all means a hard task given the complex
COVID-19 pandemic creating widespread disruptions. The revenue collection was
also impacted by the implementation of Decree No. 52/2021/ND-CP on tax payment
and land rental deferrals. Moreover, the water levels of Hoa Binh Reservoir
plummeted, leading to drastic drops in power generation, meaning massive
decreases in budget revenues.
Early grasp of challenges as well as clarity in determining
state budget collection as the core political tasks steered the provincial
Party and People’s Committees to promulgate Resolution No. 02-NQ/TU on May 31
2021 to set guidelines for the revenues creation and collection during
2021-2025 period. Departments, sectors, localities are directed to collaborate
closely with tax authorities in state budget collection.
By the end of November, import-export tax revenue alone
reached over 380 billion VND, 190% of assigned estimates by the PM. Domestic
revenues reached 3.570,8 billion, or 86% of estimates by the Government.
Compared to targets set by the provincial authorities, 11 out of 17 categories
of revenues boasted higher than average collection rates, some impressive
increases.
The
Provincial Tax Department is boosting efforts and solutions, including
increased crackdowns trade frauds and smugglings, to outperform the set targets
of state budget collection in the remaining days of the year.
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.
alternate member of the Central Party Committee, Secretary of the Hoa Binh provincial Party Committee Nguyen Phi Long on March 5 had a working session with Yan Jiehe, Founder and Chairman of the China Pacific Construction Group, one of China's largest private corporations in the field of transport infrastructure. Deputy Secretary of the provincial Party Committee, Chairman of the provincial People's Committee Bui Duc Hinh and leaders of provincial departments and sectors also attended the working session.
The electronic printed circuit board (PCB) manufacturing and processing plant of Japan’s Meiko Group, located at Da River Left Bank Industrial Park in Hoa Binh city with a total investment of over 200 million USD, is expected to create thousands of jobs and make a significant contribution to the local budget.
