(HBO) – Land use levy accounts for the lion’s share of Hoa Binh province’s state budget revenue for years. The money has been used to develop local infrastructure, creating a momentum for socio-economic development.
Revenue from land auction is invested in developing the central area of Quynh Lam ward, Hoa Binh city.
In recent years, competent sectors and departments in Hoa Binh city have paid special attention to the collection of land use levy. Right from the outset of the year, the taxation bureau has joined hands with relevant authorities, districts and city to manage this source of revenue.
This year, the taxation bureau of Hoa Binh is assigned by the Government to collect 1.5 trillion VND (65 million USD) in land use levy. Meanwhile, the figure set by the provincial People’s Council was 1.7 trillion VND.
With 101 projects operating in the locality, Hoa Binh projects to gain more than 4.4 trillion VND from land use levy.
According to Nguyen Anh Tuan, deputy head of the province’s taxation bureau, as of April 30, domestic collection was over 1.14 trillion VND, accounting for 27.6 percent of the yearly estimate approved by the National Assembly, 23.8 percent of estimate adopted by the provincial People’s Council, and 121.3 percent of the figure recorded in the same time last year.
In May, the province gained some 52.3 billion VND from land use levy, or 304 percent of the figure documented in the same time in 2020./.
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.
