(HBO) - According to a report of the Department of Statistics, by the end of May 2023, the state budget revenue in the province is estimated at 1,636,205 million VND, decreasing 8.72% compared to that of the same period last year.
In which, the domestic revenue is estimated at
1,544,069 million VND, decreasing 6.05% compared to that of the same period
last year; the import-export income is estimated at 92,136 million VND,
decreasing 48.86% compared to that of the same period last year.
In addition, the estimated local budget revenue
reached 9,117,445 million VND, increasing 46.95% compared to that of the same
period last year, which equals to 46% of the estimate assigned by the
Government and 42 % of the target assigned by the Provincial People's Council.
In which, the regulatory revenue entitled according to decentralization is
1,439,468 million VND; the balanced additional revenue from the central budget
is 3,228,153 million dongs; the source transfer revenue is 1,184,303 million
dongs.
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.
