(HBO) - Hoa Binh province's State budget collection reached 338 billion VND (14.7 million USD) in May, equivalent to 7 percent of the target set in the Resolution of the provincial People's Council, according to the provincial People's Committee.
The figure in the first 5 months of 2021 was estimated at 1.63
trillion VND (71.2 million USD), equal to 38 percent of the Prime Minister's
estimate and 32 percent of the target set in the Resolution of the provincial
People's Council.
Of which, domestic revenue was over 1.43 trillion VND (62.7 million USD), or 35
percent of the estimate by the Prime Minister and 30 percent of the target set
in the Resolution of the provincial People's Council. Revenue from imports and
exports was 199.5 billion VND (8.67 million USD), equal to 100 percent of the
PM estimate and 80 percent of the target set in the Resolution of the
provincial People's Council.
In addition, local budget revenue by the end of May was
estimated at more than 4.77 trillion VND (208 million USD), or 40 percent of
the Prime Minister's estimate and 38 percent of the target set in the
Resolution of the provincial People's Council.
Meanwhile,local budget spending in the five-month period reached 4,7
trillion VND (207 million USD), accounting for 40 percent of the Prime
Minister's estimate and 38 percent of the target set in the Resolution of the
provincial People's Council./.
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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