(HBO) - According to Hoa Binh’s Tax Department, by the end of 2019, the province has collected an estimated 4 trillion VND for the State budget, a 18 percent increase from a year earlier.
Auction of land use rights considerably
contributes to the province’s State budget revenuethis year. The expanded Bac Tran Hung Dao project is
underway in Hoa Binh city.
The figure is
also 30 percent higher than the goal assigned by the Prime Minister and 5
percent higher than that set by the provincial People’s Council.
Of the amount,
3.75 trillion VND has been collected from domestic sources, up 16 percent year
on year. It is 26 percent higher than the target set by the Prime Minister and
2 percent higher than that by the provincial People’s Council.
The remainder,
250 billion VND, has been from import and export activities, up 89 percent year
on year. The sum surpassed the
target set by the Prime Minister by 127 percent and that of the provincial People’s Council by
92 percent./.
According to data from the Hoa Binh Provincial Party Committee, the industrial production index for the first six months of 2025 is estimated to have increased by 20% compared to the same period last year. This marks the highest year-on-year growth rate for this period since 2020.
In the first six months of 2025, Hoa Binh province’s export turnover was estimated at 1.145 billion USD, marking an 18.11% increase compared to the same period in 2024. Import turnover was estimated at $ 804 million, a 17.15% increase, which helped the province maintain a positive trade balance.
The lives of the ethnic minority farmers in Tan Lac district have gradually improved thanks to the new directions in agricultural production. This is a testament to the collective strength fostered through the professional associations and groups implemented by various levels of the district’s Farmers’ Union.
With the motto the "product quality comes first,” after nearly one year of establishment and operation, Muong village’s Clean Food Agricultural and Commercial Cooperative, located in Cau Hamlet, Hung Son Commune (Kim Boi district), has launched reputable, high-quality agricultural products to the market that are well-received by consumers. The products such as Muong village’s pork sausage, salt-cured chicken, and salt-cured pork hocks have gradually carved out a place in the market and they are on the path to obtaining the OCOP certification.
In the past, the phrase "bumper harvest, rock-bottom prices" was a familiar refrain for Vietnamese farmers engaged in fragmented, small-scale agriculture. But today, a new spirit is emerging across rural areas of Hoa Binh province - one of collaboration, organisation, and collective economic models that provide a stable foundation for production.
Maintaining growing area codes and packing facility codes in accordance with regulations is a mandatory requirement for agricultural products to be eligible for export. Recently, the Department of Agriculture and Environment of Hoa Binh province has intensified technical supervision of designated farming areas and packing facilities to safeguard the "green passport" that enables its products to access international markets.
