(HBO) - Hoa Binh province’s State budget collection in the last eight months reached over 2.12 trillion VND, equal to 48 percent of the estimate assigned by the Prime Minister and 42 percent of the target set in the resolution of the provincial People's Council.
In August alone, the locality’s State budget collection was
estimated to reach 445.2 billion VND, equivalent to 9 percent of the set plan.
Of the eight-month total, domestic revenue reached over 1.97 trillion VND,
equal to 46 percent of the estimate assigned by the Prime Minister and 41
percent of the target set in the resolution of the provincial People’s Council.
Revenue from local import and export activities was estimated at 148.6 billion
VND, equal to 83 percent of the estimate assigned by the Prime Minister, and 68
percent of the target set in the Resolution of the provincial People’s Council.
The local budget revenue reached nearly
8.9 trillion VND in the last eight months, equivalent to 71 percent of the
estimate assigned by the Prime Minister, and 68 percent of the target set in
the resolution of the provincial People’s Council.
Meanwhile, the local budget expenditure
was estimated at 7.88 trillion VND, equivalent to 63 percent of the estimate
assigned by the PM, and 61 percent of the target set in the resolution of the
provincial People’s Council./.
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.
