(HBO) - The COVID-19 pandemic and long-lasting water shortage at reservoirs are hampering Hoa Binh province’s State budget collection.
Over the past years, Son Thuy joint Stock Company in
Hoa Binh city’s Mong Hoa commune has stood out in production-business and State
budget collection.
In July, State budget collection is
estimated at 465.1 billion VND, equal to just 9 percent of the target signed by
the provincial People’s Council. It is estimated to reach 1.87 trillion VND in
the first seven months of 2020, of which domestic collection reached 1.738
trillion VND, equivalent to 41 percent of estimates assigned by the Prime
Minister and 36 percent of the target set in the provincial People’s Council
resolution.
Collection from import-export activities is
estimated at 135.5 billion USD, equal to 75 percent of estimates assigned by
the Prime Minister and 62 percent of the target set in the provincial People’s
Council resolution.
In addition, local budget collection is
estimated at 8 trillion VND during January-July, equal to 75 percent of
estimates assigned by the Prime Minister and 62 percent of the target set in
the provincial People’s Council resolution./.
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.
