(HBO) - According to data reported by the provincial People's Committee, by the end of May 2022, Hoa Binh’s State budget revenue is estimated at 2.143 trillion VND (92.33 million USD), of which domestic revenue is 1.954 trillion VND, equal to 55 percent of the estimate assigned by the Prime Minister and 32 percent of the yearly target set in a Resolution of the provincial People's Council; and revenue from import-export activities 189 billion VND, equivalent to 60 percent of the estimate assigned by the Prime Minister and the target of the Resolution of the provincial People's Council.
The Vi Hoa Binh Supermarket (Tan Thinh Ward - Hoa
Binh City) has diversified products, actively contributing to budget revenue.
In addition, local budget revenue is estimated at 6.2
trillion VND, equaling 51 percent of the estimate assigned by the Prime
Minister and 42 percent of the target set in the Resolution.
In the first five months of 2022, local budget expenditures
are estimated at 5.183 trillion VND, equivalent to 43 percent of the estimate
assigned by the Prime Minister, and 35 percent of the target set in the
Resolution, in which spending for development investment is estimated at 767
billion VND, equal to 18 percent of the target assigned in the Resolution;
recurrent expenditure 3.698 trillion VND, equal to 43 percent of the target;
and expenditure from additional target sources from the central budget 716
billion VND, equal to 45 percent of the target./.
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.
