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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./.
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
Amid efforts to streamline the administrative apparatus, Hoa Binh province has intensified measures to address challenges in land clearance, resettlement support, and infrastructure investment, aiming to speed up the progress of key projects.
Hoa Binh province has posted an unprecedented economic growth rate of 12.76% in the first quarter of 2025, marking its highest quarterly performance to date and positioning it as the second fastest-growing locality in the country, trailing only Bac Giang province.
Under current regulations, products in the One Commune – One Product (OCOP) programme that are rated three stars or higher must undergo re-evaluation every three months. However, in reality, some of these products fail to consistently meet the required standards, raising concerns about the sustainability of their OCOP certification. This underscores the urgent need for producers to enhance product quality and gradually develop their OCOP products into strong, marketable brands.
