Focus on collecting state revenue.

In the first six months of 2025, the province's state budget revenue is estimated at 17,411 billion VND, reaching 83% of the central government's target and 50% of the local government's target; of which domestic revenue is 16,511 billion VND and revenue from import and export activities is 900 billion VND. Industrial production and import/export activities have increased significantly; investment attraction and the trade, service, and tourism sectors have achieved positive results, which are important factors contributing to the transformation in the province's state budget revenue collection.

Despite numerous challenges, thanks to the focused, comprehensive, and thorough direction and management of the Provincial Party Committee and the Provincial People's Committee; the timely, close, and effective coordination of all levels and sectors; and the efforts of the business community and the people, the production and business situation continued to develop. In the past six months, the total industrial production value of the province is estimated at 138,112 billion VND, an increase of 20.3% compared to the same period last year, reaching 49.2% of the annual plan; the Industrial Production Index (IIP) is estimated to increase by 22.3% compared to the same period in 2024.

In the first five months of the year, the province saw 514 newly registered businesses, representing a 49.9% increase in the number of businesses and an 83.4% increase in capital compared to the same period in 2024. Industrial growth has led to the development of trade and service sectors, effectively meeting the production and consumption needs of the people. Total retail sales of goods and revenue from social consumer services in the first six months are estimated to have increased by 22.3%; total export turnover of goods increased by 47.6%. In addition, commercial banks and credit institutions in the province strictly implemented monetary policy, ensuring safe and effective credit growth.

Assembling electronic devices at Moonpo Development Vietnam Co., Ltd. (Dong Van IV Industrial Park). Photo: Thanh Binh

In the first six months of 2025, capital mobilization is estimated at VND 91,320 billion, an increase of 12.34%; credit investment is estimated at VND 98,860 billion, an increase of 13.08% compared to the end of 2024. Interest rates are stable and tend to decrease compared to the beginning of the year; the credit structure focuses mainly on the production sector, priority sectors and growth drivers of the economy … All of the above factors are favorable conditions for state budget revenue in the first six months of 2025 to increase significantly compared to the same period (243%).

Notably, in the first six months of 2025, amidst a rapidly changing, complex, and unpredictable global situation, increasingly fierce strategic competition, escalating trade tensions, and policy changes in some major economies posing risks to global economic growth, which significantly impacted the socio-economic development of the country in general and Ha Nam province in particular, the province paid special attention to directing all levels, sectors, and localities to inspect, review, and resolve difficulties and obstacles for businesses, accelerate investment and construction progress, and strengthen efforts to promote the image and investment environment of the province. As a result, the province's investment attraction continued to achieve positive results. In the first six months of 2025, the province is estimated to attract more than 90 projects, equivalent to 266% compared to the same period in 2024, and to implement capital increase adjustments for 33 projects, equivalent to 100% compared to the same period in 2024, with a total newly registered and adjusted capital of USD 1,020 million and VND 14,900 billion. This is a crucial factor in nurturing and developing revenue sources in the coming period.

In Duy Tien town, striving to complete the state budget revenue plan for the first six months of the year, the town directed localities and units to implement comprehensive solutions to increase budget revenue, ensuring that all revenue is collected correctly, fully, and promptly. As a result, the total balanced state budget revenue of the town in the first six months is estimated at 1,000 billion VND. Alongside increasing state budget revenue, the town focused on directing and guiding units on handling finances and state budgets when reorganizing administrative units at all levels and building a two-tiered local government organizational model; at the same time, strengthening inspection and strict review of projects using public investment capital in the area, ensuring that the capital is used for the right purpose and achieves efficiency.

Customs officials in Ha Nam province receive import and export declaration forms.

In Phu Ly City, total budget revenue for the first six months of the year is estimated at 6,867 billion VND, equivalent to 61.5% of the provincial plan (of which domestic revenue for budget balancing is estimated at 4,443 billion VND, equivalent to 43.9% of the provincial plan and 43.65% compared to the City People's Council resolution). To complete and nurture revenue sources, the city directs localities and units to strengthen coordination to remove difficulties for production and business, encourage the establishment of enterprises and the development of business sectors; and at the same time accelerate the disbursement of public investment capital.

Continue directing units to focus on accelerating the progress of land clearance for projects, especially key projects of the province and city, so that the works can be completed and put into operation soon, contributing to promoting the development of trade and services, thereby increasing revenue for the state budget. This includes focusing on several key and urgent projects, including: the investment and construction of the Modern and Innovative Urban Area; the investment and construction of the Bac Chau Giang Ecological Urban Area; and the investment and construction of the 150m road intersection with National Highway (NH) 1A and the North-South railway in Quang Trung ward. The project involves investing in the construction of resettlement areas to facilitate land clearance for projects in the area... Simultaneously, a plan is being developed to implement the investment in the construction of a connecting infrastructure system: Ring Road 5, the Eastern connecting road (new National Highway 37B), a 36m wide service road east of the expressway, bridges over the Day River… promoting socio-economic development and creating momentum to attract investment.

Ms. Mai Thi Ngan, Head of the Finance Department of Phu Ly City, said: "To strive to complete the state budget revenue plan, the city has promptly and comprehensively implemented revenue collection measures from the beginning of the year, ensuring accurate and sufficient collection, especially of revenue from land; focusing on reviewing taxes from non-state enterprises and revenue from land, real estate transfers, and basic construction taxes for individual houses."

In the first six months of 2025, capital mobilization is estimated at VND 91,320 billion, an increase of 12.34%; credit investment is estimated at VND 98,860 billion, an increase of 13.08% compared to the end of 2024. Interest rates remained stable, with a downward trend compared to the beginning of the year; the credit structure focused mainly on the manufacturing sector, priority sectors, and growth drivers of the economy…

In the spirit of streamlining administrative units while promoting socio-economic development and increasing state budget revenue, the province directs the continued implementation of specialized resolutions implementing the Resolution of the 20th Provincial Party Congress and programs and projects under the 2021-2025 five-year socio-economic development plan; strengthening revenue management, combating revenue loss and transfer pricing; closely monitoring revenue sources and taxpayers; regularly inspecting and urging compliance to prevent outstanding and prolonged debts. The goal is to achieve the highest possible level of revenue collection targets.

To nurture revenue sources, it is necessary to continue attracting domestic and foreign investment into the province to implement production and business projects; strengthen investment promotion activities in industrial zones and clusters for industries and sectors according to approved plans; promptly remove difficulties and create favorable conditions for investors to implement projects, while urging and supervising investors to accelerate construction progress and bring projects into production early to increase revenue for the state budget. Departments and localities should strengthen the review and approval of land prices, and promptly allocate land to collect land use fees, land lease fees, and fees for the protection and development of rice cultivation land according to regulations.

Effectively implement tax laws, regularly review the basis and grounds for collection to make timely additions and amendments, creating favorable conditions for tax collection agencies to implement budget collection and ensure the plan is met. Strengthen tax inspection and auditing; promote digital transformation and modernization of revenue management in all stages and fields to strengthen management and tightly control state budget revenue sources, especially in the fields of e-commerce, services, land, and minerals…

Thanh Binh

Source: https://baohanam.com.vn/kinh-te/tai-chinh-ngan-hang/tap-trung-thu-ngan-sach-nha-nuoc-165445.html