According to the Provincial Tax Department, by the end of May 2024, the province's total state budget revenue was about 2,758.5 billion VND, reaching 72.9% of the ordinance estimate, reaching 50.2% of the Provincial People's Council estimate, equal to 202.3% of that at the same period. Of which, the land use fee collection was about 1,330.9 billion VND, reaching 161.7% of the ordinance estimate, reaching 66.5% of the Provincial People's Council estimate; Tax and fee collection (except the land use fees) was 1,427.7 billion VND, reaching 48.3% of the ordinance estimate, reaching 40.8% of the Provincial People's Council estimate.

Mr. Vu Hong Long, the Secretary of the Party Committee –
the Director of the Provincial Tax Department is deploying the tasks and
solutions for the state budget collection in June 2024.
Some revenues that increased compared to those of the
same period are the foreign investment increased by 100.2%; The environmental
protection tax increased by 61.6%; Non-state industrial and commercial revenues
increased by 44.4%; Fees and charges increased by 51.2%. The land use fees
alone increased 16.1 times due to Trung Minh New Urban Area Co., Ltd. paying
1,002 billion VND; Dream Lands Group joint Stock Company paid 90.4 billion VND;
Hoa Binh Housing Development joint Stock Company paid about 65.2 billion VND.
To ensure the completion of the domestic revenue estimate
in June of about 340 billion VND, the cumulatively of the expected revenue
until June 30, 2024, is about 3,098.5 billion VND, reaching 81.9% of the
Government's estimate, reaching 56.3 billion VND. % of the Provincial People's
Council's estimate. The Tax Department recommends that the units continue to
strengthen the review of revenues, and taxes, and exploit the potential revenue
sources; Strengthening the inspection and examination to promptly detect and
handle the tax law violations by taxpayers. Doing a good job of coordinating
with the relevant departments and branches of the province, district and city
to develop the plans and implement the work of preventing tax loss according to
each field and industry with high tax risks.
It is suggested to promote the collection of the
outstanding tax debt, including fully implementing measures to urge and enforce
the tax debt and increase the application of immigration suspension measures
for the individuals and the individuals who are the representatives of the
legal representation of taxpayers who are the businesses that are being forced
to implement the administrative decisions on tax management, however, they have
not fulfilled their tax payment obligations, especially in cases that are no
longer operating in their locality they have just registered. At the same time,
they continue to closely coordinate with the agencies in providing information
to promptly and effectively deploy tax debt enforcement measures according to
the provisions of the Law on Tax Administration to recover tax debts,
especially for debts of land use fees, land rents, mineral exploitation rights
fees… It is recommended to complete the targets of the assigned debt
collection, contributing to completing the task of the state budget collection
as well as tax management in the locality.
After more than four years of implementing a project launched by the Hoa Binh Party Committee’s Standing Board on developing agriculture and promoting product consumption linked with building new-style rural areas for the 2021-2025 period, the province’s industry and trade sector has made significant strides, greatly contributing to local socio-economic development.
Luong Son district has identified 2025 as the year for the accelerated breakthrough to successfully implement the socio-economic development plan for the 5-year period from 2021 to 2025. The district has been focusing on executing the plans and trying to achieve a GRDP growth rate of approximately 15%.
Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.
Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.
Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.
As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.