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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./.
After more than four years of implementing a project launched by the Hoa Binh Party Committee’s Standing Board on developing agriculture and promoting product consumption linked with building new-style rural areas for the 2021-2025 period, the province’s industry and trade sector has made significant strides, greatly contributing to local socio-economic development.
Luong Son district has identified 2025 as the year for the accelerated breakthrough to successfully implement the socio-economic development plan for the 5-year period from 2021 to 2025. The district has been focusing on executing the plans and trying to achieve a GRDP growth rate of approximately 15%.
Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.
Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.
Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.
As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.
