(HBO) - In the first quarter of 2019, Hoa Binh’s State budget collection completed 22 percent of the year’s target, up 4 percent year-on-year.
The residential area project No.7 in Thinh Lang
ward of Hoa Binh city has helped create revenue from land use auctions for the
State budget.
Especially, the work made by the provincial Department
of Customs saw good results. The agency collected 69 billion VND in the first
three months of the year, equal to 53 percent of the plan set for the whole
year by the provincial People’s Council.
The department was requested to promote administrative reform and facilitate
enterprises’ operation to increase budget collection.
The province’s State budget collection is hoped to reach 4 trillion VND, up
about 200 billion VND compared to the target set in the resolution of the
provincial People’s Council.
The provincial Department of Finance has raise the
idea of accelerating the budget collection through implementing the two groups
of key solutions, striving to complete the budget revenue estimation in 2019
and the target of 5 trillion VND set in the resolution of the 16thprovincial Party Congress.
Attention will be paid to supporting enterprises in developing their production
and business.
Revenue will also be made from collecting land use fees and auctions. Compared
to other provinces, Hoa Binh’s revenue from land is very modest, reaching about
700 billion VND, only half of the land use fee of Son La province. If the
locality collects about 800 billion VND from land-related services and the
total revenue from districts and Hoa Binh city increases about 7 percent, it is
likely to realise the budget collection target of 5 trillion VND by 2020.
The provincial
People’s Committee has devised many measures to improve business environment and
overcome difficulties facing local enterprises’ production and business, as
well as support investors to soon put their projects into operation, towards
creating sustainable and stable revenue resources for the State budget. /.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.
Hoa Binh province has mobilised all resources to propel local agricultural products to make inroads into foreign markets, towards lifting the export turnover of key agricultural products to 137.8 million USD by 2030, accounting for 3.4% of the locality’s total export value of goods.
The locality aims to export farm produce to the US, the European Union, the UK, China, Japan, and the Republic of Korea.
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