Hoa Binh’s budget revenue estimated at 168.85 billion VND

5/11/2022 - 3:25:09 PM

(HBO) - Hoa Binh city's state budget revenue for Q1 2022 is estimated at 855,169 billion VND. This represents 85.51 percent of the target set by the municipal Party Congress Resolution of 1 trillion by 2025.

The rapid rise in revenue since the start of 2022 was attributed to the city government accelerating the collection of land allocation, land use right auction, and housing taxes, a boon in land use levy fees.

Hoa Binh city is running numerous urban and commercial housing projects, contributing to increasing budget revenue from land use fees.

In the first three months of the 2022, the total state budget revenue of Hoa Binh city was estimated at 168.85 billion VND, or 22.13 percent of the estimate assigned by the province. This represented a year-on-year increase of 32.54 percent.

Revenue from taxes and fees was estimated at 113.85 billion VND, 19.19 percent of targets, up 2.63 percent over the same period in 2021.

Land use fee collection was estimated at 55 billion VND, equivalent to 20.99 percent of targets, and equivalent to 333.96 percent of data for the same period in 2021.

Local budget revenue was estimated at 225.59 billion VND, equivalent to 18.84 percent of the targets. The city budget adjustment revenue was estimated at 125.59 billion VND.

Total budget expenditure was estimated at 182.7 billion VND, accounting for 15.25 percent of the Resolution targets, and equivalent to 75.38 percent of data for 2021./.

Workers excited to return to work after Tet

After the Lunar New Year (Tet) holidays, trade union members and workers in Hoa Binh province returned to work with an excited spirit at the beginning of the new spring. Throughout the workshops, factories and enterprises, they were full of enthusiasm, immediately getting to work, striving to excellently complete tasks and production and business targets.

Sweet, fragrant red grapefruit of Tan Lac

Red grapefruit is a native crop of Tan Lac district, where the fertile soil and favourable climate create ideal conditions for its growth. With over 80% of the area being mountainous, at an altitude of 300-400 metres above sea level, red grapefruits here thrive on well-drained, fertile hillside soil. The region’s large temperature variation between day and night enhances the fruit's nutrient absorption. The local cultivation techniques also contribute to its uniqueness

Business association pledges support for local firms

The provincial business association recently convened a conference to review its 2024 operations and outline plans for 2025. The meeting was attended by Standing Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Bui Duc Hinh along with leaders from various departments and agencies.

Hoa Binh focuses on rural transportation infrastructure development

Hoa Binh province is prioritising rural transportation infrastructure to improve mobility, facilitate trade, and boost socio-economic development.

Two products in Hoa Binh have been recognized as “National OCOP products”

The Minister of Agriculture and Rural Development has just issued Decision No. 377/QD-BNN-VPĐP approving the results of the evaluation and classification of the products of the National One Commune One Product Program in 2024 (phase 3).

Bustling Tet market

As the Lunar New Year (Tet) approaches, the market becomes more vibrant than ever. In Hoa Binh province, preparations for Tet have been bustling since the 20th of the last lunar month, with an abundant supply of goods to meet the growing consumer demand.