HBO - Hoa Binh province’s Taxation Department targets to collect 1.42 trillion VND in budget revenue in the first half of the year, accounting for 48 percent of the Government’s estimate and 39 percent of the resolution adopted by the provincial People’s Council. To realise the target, the department has been focusing on implementing measures to improve tax administrative procedures, control sources of income, and facilitate tax payers’ payment fulfillment.
Korean Transon
Co., Ltd receives support to carry out its project at Luong Son industrial
park. It has created jobs for 1,600 local labourers.
State
budget collection totalled 705 billion VND in the first quarter, equivalent to
24 percent of the Government’s estimate for the whole year, 19 percent of the
resolution of the provincial People’s Council, 95 percent of the province’s
estimate for the time, and up 4 percent from the same period last year.
Earnings from taxes and fees (excluding land use fees) were reckoned at 672.7
billion VND, equal to 25 percent of the Government’s estimate, 22 percent of
the resolution of the provincial People’s Council, and increasing 7 percent
year on year. Meanwhile, the province collected 32.3 billion VND from land use
fees, making up of 12 percent of the Government’s estimate, 5 percent of the
provincial People’s Committee, and 65 percent of the amount recorded in 2018’s
Q1. It was reported that higher budget collection was made in 9 out of 17 items
subject to tax payment.
Following the direction of the General Department of Taxation and the
provincial People’s Committee, the provincial Taxation Department has
comprehensively implemented a set of tax management measures to fulfill state
budget collection target in Q2 and the whole 2019. Those include accelerating
the tax administrative procedure reform during 2016-2020 as approved by the
Ministry of Finance, reviewing the reform in line with the Government’s Decree
No.02/NQ-CP and the provincial People’s Committee’s Decision No.02/QD-UBND
dated January 2, 2019 on promoting business climate and improving local
competitive capacity in 2019 and the following years.
Besides, increasing communications campaign and training on tax policies,
providing e-service for tax payers, identifying potential areas for tax collection
and enhancing management of tax collection will be put at the first line of
solutions to ensure that all of the business establishments in the province
fulfill their tax payment duties.
Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.
Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.
The Hoa Binh provincial People's Committee has issued Decision No. 2767/QD-UBND announcing the rankings of departments, agencies, districts and Hoa Binh city in the Public Administration Reform Index (PAR) and the Satisfaction Index of Public Administration Services (SIPAS) in 2024.
The cultivation of Dam Xanh fish (Bangana lemassoni), a unique fish species, has seen remarkable growth in Mai Chau district, thanks to its high economic value and effectiveness. Initially concentrated in Van Mai commune, farming has now extended to four other communes, namely Mai Hich, Mai Ha, Chieng Chau, and Son Thuy. These areas benefit from pristine underground water flowing from mountain crevices, providing ideal conditions for raising this specialty fish.
In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.
In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.
