State budget revenue in Hoa Binh Province is estimated to exceed 6.360 trillion VND by the end of October 2024, equivalent to 211% of the same period last year. Local budget revenue is estimated to exceed 23.400 trillion VND. Local budget expenditure is estimated to reach over 13.770 trillion VND.
To surpass the set targets, the Provincial People's Committee has directed relevant departments and sectors to rigorously and synchronously implement revenue management solutions in the last two months of the year; strictly enforce discipline and regulations in budget revenue management, combat revenue loss, and recover tax arrears. They will review and identify potential revenue sources, and tax areas with revenue loss to promptly have effective policy and management solutions. At the same time, they will organize the execution of the 2024 budget according to the allocated estimates.
Once a mountainous province facing many challenges, Hoa Binh has, after more than a decade of implementing the national target programme on new-style rural area development, emerged as a bright spot in Vietnam’s northern midland and mountainous region. In the first quarter of 2025, the province recorded positive results, paving the way for Hoa Binh to enter a phase of accelerated growth with a proactive and confident mindset.
Hoa Binh province is steadily advancing its agricultural sector through the adoption of high-tech solutions, seen as a sustainable path for long-term development.
The steering committee for key projects of Hoa Binh province convened on May 14 to assess the progress of major ongoing developments
A delegation of Hoa Binh province has attended the "Meet Korea 2025" event, recently held by the Ministry of Foreign Affairs, the Embassy of the Republic of Korea (RoK) in Vietnam, the Korea Trade-Investment Promotion Agency, and the People's Committee of Hung Yen province.
Hoa Binh province joined Vietnam’s national "One Commune, One Product” (OCOP) programme in 2019, not simply as a mountainous region following central policy, but with a clear vision to revive the cultural and agricultural values in its villages and crops.
From just 16 certified products in its inaugural year to 158 by early 2025, the One Commune One Product (OCOP) programme in Hoa Binh province has followed a steady and strategic path. But beyond the numbers, it has reawakened local heritage, turning oranges, bamboo shoots, brocade, and herbal remedies into branded, market-ready goods - and, more profoundly, transformed how local communities value and present their own cultural identity.