(HBO) - According to a report of the Department of Statistics, by the end of May 2023, the state budget revenue in the province is estimated at 1,636,205 million VND, decreasing 8.72% compared to that of the same period last year.
In which, the domestic revenue is estimated at
1,544,069 million VND, decreasing 6.05% compared to that of the same period
last year; the import-export income is estimated at 92,136 million VND,
decreasing 48.86% compared to that of the same period last year.
In addition, the estimated local budget revenue
reached 9,117,445 million VND, increasing 46.95% compared to that of the same
period last year, which equals to 46% of the estimate assigned by the
Government and 42 % of the target assigned by the Provincial People's Council.
In which, the regulatory revenue entitled according to decentralization is
1,439,468 million VND; the balanced additional revenue from the central budget
is 3,228,153 million dongs; the source transfer revenue is 1,184,303 million
dongs.
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.
