(HBO) - In the first quarter of 2019, Hoa Binh’s State budget collection completed 22 percent of the year’s target, up 4 percent year-on-year.

The residential area project No.7 in Thinh Lang ward of Hoa Binh city has helped create revenue from land use auctions for the State budget.

Especially, the work made by the provincial Department of Customs saw good results. The agency collected 69 billion VND in the first three months of the year, equal to 53 percent of the plan set for the whole year by the provincial People’s Council. 

The department was requested to promote administrative reform and facilitate enterprises’ operation to increase budget collection. 

The province’s State budget collection is hoped to reach 4 trillion VND, up about 200 billion VND compared to the target set in the resolution of the provincial People’s Council.

The provincial Department of Finance has raise the idea of accelerating the budget collection through implementing the two groups of key solutions, striving to complete the budget revenue estimation in 2019 and the target of 5 trillion VND set in the resolution of the 16thprovincial Party Congress. 

Attention will be paid to supporting enterprises in developing their production and business. 

Revenue will also be made from collecting land use fees and auctions. Compared to other provinces, Hoa Binh’s revenue from land is very modest, reaching about 700 billion VND, only half of the land use fee of Son La province. If the locality collects about 800 billion VND from land-related services and the total revenue from districts and Hoa Binh city increases about 7 percent, it is likely to realise the budget collection target of 5 trillion VND by 2020.

The provincial People’s Committee has devised many measures to improve business environment and overcome difficulties facing local enterprises’ production and business, as well as support investors to soon put their projects into operation, towards creating sustainable and stable revenue resources for the State budget. /.

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