The State budget collection in Hoa Binh province has received constant attention and directions from the provincial Party Committee, People’s Council and People’s Committee, the Ministry of Finance and the General Department of Taxation, along with effective coordination from all-level administrations and sectors.
By the end of May 2024, the state budget revenue was estimated at 2.88
trillion VND (nearly 113.23 million USD), equivalent to 71% of this year’s
target set by the Prime Minister, 50% of the target set by the provincial
People’s Council, and 196% of the figure in the same period last year.
Hoa Binh has
recorded relatively good budget collection from many sources such as the
foreign invested sector, the industry, trade and non-state sectors, personal
income tax, environmental protection tax, charges, fees, and land use fees.
The state budget collection so far this year has
posted breakthroughs compared to the same period last year. However, it is a
fact that revenue sources remain unsustainable and still depend much on land
use fees and the Hoa Binh Hydropower Company. Meanwhile, tax arrears remain
very high. Two-thirds of the 2020 - 2025 tenure has passed, but Hoa Binh failed
to achieve the budget collection targets for some years. Therefore, it is hard
to reach the revenue target of 10 trillion VND for 2025.
At many forums and meetings, the provincial
Party Committee, People’s Council, and People’s Committee discussed causes of
the poor performance in budget collection. One of the main causes is that the
nurturing of revenue resources remains limited. Changes in the collection
policy in recent years also form one of the causes. Others include the slow
implementation of industrial park and cluster projects, ineffective investment
attraction, some investors’ weak capacity, and businesses’ small and medium
sizes, limited financial capacity, and slow recovery from impacts of the
COVID-19 pandemic.
The state budget collection plays a highly
important role in ensuring resources for local socio-economic development.
Increasing the revenue aims to improve the quality of people’s life, build
modern and comprehensive infrastructure, guarantee local budget efficiency, and
gradually reduce the dependence on support from the government. Therefore, it
is considered a task of leading importance.
To speed up the state budget collection to
fulfill this year’s task and secure collection sustainability, the Hoa Binh
steering board for promoting the state budget collection and contribution said
firstly, it is necessary to complete zoning plans to serve as the basis for
implementing projects. It is important to accelerate land auctions, land use
fee collection, and the re-organisation of state agencies’ properties;
implement comprehensive measures to strictly manage local revenue sources; and enhance
inspection and examination to prevent tax losses and evasion so as to bring tax
arrears to less than 8% of the total state budget collection.
Another measure is to step up communications and
tax management over online business, e-commerce, telecommunication and internet
services, and especially the use of e-invoices.
The province’s viewpoint is to diversify revenue
sources to promote economic sectors’ contributions to the state budget and
ensure collection sustainability.
As enterprises, cooperatives, and investment
projects are the main and long-term source of budget collection, authorities
also need to create favourable conditions for those taxpayers to operate
profitably to nurture revenue sources.
On October 12th, in Hanoi, the Department of Agriculture and Rural Development of Hoa Binh province coordinated with the Centre for Agricultural Trade Promotion (the Ministry of Agriculture and Rural Development), the People's Committee of 2 districts, Kim Boi and Yen Thuy and R.Y.B joint Stock Company to export the processed agricultural products from Hoa Binh province to the UK market.
The provincial People's Committee on October 8 held a conference to sum up the 2023 administrative reform emulation movement and award winners of the online contest on learning about administrative reform work in Hoa Binh in 2024, under the chair of Vice Chairman Nguyen Van Chuong, who is deputy head of the provincial Steering Committee on Administrative Reform, and head of the contest’s organising board.
Over the recent past, Hoa Binh province’s steering board for digital transformation has advised the provincial administration about the promotion of information technology application and digital transformation. Thanks to that, encouraging results have been recorded in the building and development of electronic administration and digital transformation.
Hang Kia mountainous commune of Mai Chau district has made concerted efforts to overcome challenges to give a facelift to its rural landscape and improve local livelihoods.
The success of the Phu Luong wild chili cultivation model in Quyet Thang commune, Lac Son district, not only demonstrates the economic potential of this plant but also affirms the entrepreneurial spirit and innovation of ethnic minority women.
With a total investment of nearly 10 trillion VND (nearly 406 million USD), the Hoa Binh - Moc Chau Expressway (section Km19+000 - Km53+000 in Hoa Binh province) has been the largest transport project in Hoa Binh province to date. As its construction is planned to begin in September, the management board of traffic works investment projects of the province is urgently preparing all conditions to start the work.
