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(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./.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.
Hoa Binh province has mobilised all resources to propel local agricultural products to make inroads into foreign markets, towards lifting the export turnover of key agricultural products to 137.8 million USD by 2030, accounting for 3.4% of the locality’s total export value of goods.
The locality aims to export farm produce to the US, the European Union, the UK, China, Japan, and the Republic of Korea.
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