(HBO) - Hoa Binh province’s local budget revenue was estimated at 2.36 trillion VND in June, raising its total local budget collection in the first half of this year to 7.14 trillion VND, equal to 60 percent of the estimate assigned by the Prime Minister and 57 percent of the plan set in the Resolution of the provincial People’s Council, and up 25 percent year-on-year, according to data reported by the provincial People's Committee.
In the first six
months of 2021, the local budget prioritized spending on the prevention of the
COVID-19 pandemic, thus contributing to ensuring safety in the province.
Of the total, regulation revenue is estimated at over 1.91
trillion VND, balancing transfers at over 2.881 trillion VND, and target
transfers at 844 billion VND.
Also in the first half of the year, local budget expenditure is
estimated at 6.26 trillion VND, equal to 53 percent of the estimate assigned by
the Prime Minister and 50 percent of the plan set in the Resolution of the
provincial People's Council, and up 2 percent over the same period last year.
Of the total, spending on development investment was 829.6 billion VND, regular
expenditure 4.41 trillion VND and expenditure from target transfers 1.02
trillion VND.
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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