(HBO) – Thanks to efforts in the direction and governance of the Party committees and authorities and the active participation of relevant agencies in supporting and removing difficulties for production and business and assisting taxpayers, Hoa Binh province's state budget revenue reached 5.6 trillion VND (245.2 million USD) in 2021, equal to 129 percent of the Government's estimate, up 10 percent compared to the target set by the Provincial People's Council resolution, and equal to 136 percent of that in 2020. This result ended a long time that the province did not meet the target of budget revenue.

The provincial People's Committee directs relevant
agencies to urge investors to implement housing projects on schedule, and
ensure the estimate of land use levy in 2022. Photo taken at Quynh Lam
multi-functional commercial housing project in Hoa Binh city.
This year, the province's state budget revenue estimate
allocated by the Prime Minister is 3.89 trillion VND, and by the provincial
People's Council 6.41 trillion VND. Of the total, import and export revenue
allocated by the Government and the provincial People's Council is 315 billion
VND; and domestic revenue allocated by the Government 3.58 trillion VND, and by
the provincial People's Council 6.09 trillion VND, including revenue from taxes
and fees (excluding land use levy) being 2.38 trillion VND and 2.99 trillion
VND, respectively, and collection from land use levy being 1.2 trillion VND and
3.1 trillion VND, respectively.
The implementation of the state budget collection task is
considered to be difficult as the COVID-19 pandemic has not shown any signs of
cooling down, greatly affecting production and business activities, financial
capacity and the observance of state budget obligation of taxpayers. However,
according to Deputy Director of the provincial Tax Department Nguyen Anh Tuan,
the department has determined that one of the key tasks is to support taxpayers
to quickly restore production and business, and strengthen the management of
budget collection right from the first month and first quarter of this year,
with focus on increasing the quality of inspection and examination to prevent
revenue loss, smuggling, trade fraud, and reduce tax debt.
According to the Steering Committee on the collection and
payment to the provincial state budget, by the end of February, state budget
revenue in the locality is estimated at 1.09 trillion VND, equal to 17.1
percent of the yearly estimate assigned by the provincial People's Council.
This result shows that the work in the first two months of the year achieved
positive growth, posting a year-on-year rise of nearly 60 percent./.
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.