(HBO) - According to the provincial Department of Taxation, the State budget collection in the first two months was estimated at 420 billion VND, reaching 10 percent of the estimate assigned by the government and 9 percent of the target set in the provincial People’s Council’s resolution, and equal to 96 percent of the collection in the same period last year.
The increase in
State budget collection helps promote socio-economic development. Photo:
A corner of Hoa Binh city.
Revenues from taxes and fees (excluding land use
fees) hit 350 billion VND (13 percent of assigned target, 12 percent of
provincial target and 84 percent of the figure for the same period last year).
Land use fees totaled 70 billion VND (5 percent of assigned target, 4 percent
of provincial target and 363 percent of the figure of the same period last
year).
Notably, 11 out of the 17 State budget revenue
sources showed increases this year, including land use fees (263 percent),
fixed revenues in communes (86 percent), fees from granting rights to mineral
exploitation (59 percent), non-agricultural land use tax (31 percent), lottery
(24 percent), personal income tax (11 percent), and environmental protection
tax (17 percent). Tax collection from local State-run businesses was up 100
percent.
The taxation department will propose measures to
the provincial People’s Committee on reforming mechanisms, policies and administrative
procedures to encourage and attract investment, develop business production,
promote economic growth, thus creating more revenue sources for the State
budget.
It will coordinate measures to implement more
effectively policies of the government and provincial People’s Committee on
stabilizing macro economy, increase support for businesses, promptly remove
their difficulties, and facilitate business and production activities.
The department will step up measures to prevent budget
collection loss, contributing to curbing inflation, maintaining macroeconomic
stability and ensuring social welfare. It will also push ahead with the
modernization of tax management alongside with administrative procedure reform.
In March, the taxation sector aims to collect
350 billion VND for the local State budget to increase the three-month revenue
to 770 billion VND, meeting 18 percent of assigned target, 16 percent of
provincial target and a year-on-year rise of 6 percent, according to Nguyen Anh
Tuan from the Taxation Department./.
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.
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