(HBO) - According to the Q1 socio-economic report of the provincial People's Committee, the State budget revenue in March is estimated at 439.8 billion VND, equal to 9 percent of the target assigned in the provincial People's Council’s Resolution. The collection in the first three months is estimated at 902.5 billion VND, equivalent to 20 percent of the estimate assigned by the Prime Minister and 18 percent by the provincial People's Council.
Japanese-invested Sanko Vietnam Co., Ltd, in Huu Nghi ward of Hoa Binh
city generates jobs for workers, and well fulfills tax obligations.
Of the total, domestic revenue was 818.8 billion VND, equal
to 19 percent of the estimate assigned by the Prime Minister and equal to 17
percent of that set in the Resolution of the provincial People's Council, while
revenues from import and export were 83.7 billion VND, equal to 48 percent of
the estimate assigned by the Prime Minister and 38 percent in the Resolution.
Local budget collection in March is estimated at 2.15
trillion VND, equal to 17 percent of the target set in the provincial People's
Council’s Resolution, bringing the total in the first quarter of 2020 to 3.93
trillion VND, equivalent to 31 percent of the estimate assigned by the Prime
Minister, or 30 percent of that set in the Resolution. Of the total, the
additionally balanced revenue from the central budget was 1.37 trillion VND and
the targeted additional revenue from the central budget was 815.8 billion VND.
Local budget spending is estimated at 1.25 trillion VND in
March and 3.98 trillion VND in the first three months of 2020. Of the total,
development investment expenditure was 685.5 billion VND, regular spending was
2,412.2 billion VND and spending from the central budget’s targeted
supplementary resources was 885.8 billion VND./.
According to data from the Hoa Binh Provincial Party Committee, the industrial production index for the first six months of 2025 is estimated to have increased by 20% compared to the same period last year. This marks the highest year-on-year growth rate for this period since 2020.
In the first six months of 2025, Hoa Binh province’s export turnover was estimated at 1.145 billion USD, marking an 18.11% increase compared to the same period in 2024. Import turnover was estimated at $ 804 million, a 17.15% increase, which helped the province maintain a positive trade balance.
The lives of the ethnic minority farmers in Tan Lac district have gradually improved thanks to the new directions in agricultural production. This is a testament to the collective strength fostered through the professional associations and groups implemented by various levels of the district’s Farmers’ Union.
With the motto the "product quality comes first,” after nearly one year of establishment and operation, Muong village’s Clean Food Agricultural and Commercial Cooperative, located in Cau Hamlet, Hung Son Commune (Kim Boi district), has launched reputable, high-quality agricultural products to the market that are well-received by consumers. The products such as Muong village’s pork sausage, salt-cured chicken, and salt-cured pork hocks have gradually carved out a place in the market and they are on the path to obtaining the OCOP certification.
In the past, the phrase "bumper harvest, rock-bottom prices" was a familiar refrain for Vietnamese farmers engaged in fragmented, small-scale agriculture. But today, a new spirit is emerging across rural areas of Hoa Binh province - one of collaboration, organisation, and collective economic models that provide a stable foundation for production.
Maintaining growing area codes and packing facility codes in accordance with regulations is a mandatory requirement for agricultural products to be eligible for export. Recently, the Department of Agriculture and Environment of Hoa Binh province has intensified technical supervision of designated farming areas and packing facilities to safeguard the "green passport" that enables its products to access international markets.
