(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.
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 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.
From just 16 certified products in its inaugural year to 158 by early 2025, the One Commune One Product (OCOP) programme in Hoa Binh province has followed a steady and strategic path. But beyond the numbers, it has reawakened local heritage, turning oranges, bamboo shoots, brocade, and herbal remedies into branded, market-ready goods - and, more profoundly, transformed how local communities value and present their own cultural identity.
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