(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./.
Once a mountainous province facing many challenges, Hoa Binh has, after more than a decade of implementing the national target programme on new-style rural area development, emerged as a bright spot in Vietnam’s northern midland and mountainous region. In the first quarter of 2025, the province recorded positive results, paving the way for Hoa Binh to enter a phase of accelerated growth with a proactive and confident mindset.
Hoa Binh province is steadily advancing its agricultural sector through the adoption of high-tech solutions, seen as a sustainable path for long-term development.
The People's Committee of Hoa Binh Province has issued Plan No. 93 on supporting small and medium -sized enterprises (SMEs) in the province in 2025. Accordingly, it has decided to allocate VND 3.5 billion from the central budget to support these businesses.
The steering committee for key projects of Hoa Binh province convened on May 14 to assess the progress of major ongoing developments
A delegation of Hoa Binh province has attended the "Meet Korea 2025" event, recently held by the Ministry of Foreign Affairs, the Embassy of the Republic of Korea (RoK) in Vietnam, the Korea Trade-Investment Promotion Agency, and the People's Committee of Hung Yen province.
Hoa Binh province joined Vietnam’s national "One Commune, One Product” (OCOP) programme in 2019, not simply as a mountainous region following central policy, but with a clear vision to revive the cultural and agricultural values in its villages and crops.
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