(HBO) - According to data reported by the provincial People's Committee, by the end of May 2022, Hoa Binh’s State budget revenue is estimated at 2.143 trillion VND (92.33 million USD), of which domestic revenue is 1.954 trillion VND, equal to 55 percent of the estimate assigned by the Prime Minister and 32 percent of the yearly target set in a Resolution of the provincial People's Council; and revenue from import-export activities 189 billion VND, equivalent to 60 percent of the estimate assigned by the Prime Minister and the target of the Resolution of the provincial People's Council.
The Vi Hoa Binh Supermarket (Tan Thinh Ward - Hoa
Binh City) has diversified products, actively contributing to budget revenue.
In addition, local budget revenue is estimated at 6.2
trillion VND, equaling 51 percent of the estimate assigned by the Prime
Minister and 42 percent of the target set in the Resolution.
In the first five months of 2022, local budget expenditures
are estimated at 5.183 trillion VND, equivalent to 43 percent of the estimate
assigned by the Prime Minister, and 35 percent of the target set in the
Resolution, in which spending for development investment is estimated at 767
billion VND, equal to 18 percent of the target assigned in the Resolution;
recurrent expenditure 3.698 trillion VND, equal to 43 percent of the target;
and expenditure from additional target sources from the central budget 716
billion VND, equal to 45 percent of the target./.
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.
