Thanh Hoa's budget revenue in the first quarter reached VND 12,572 billion
Thanh Hoa's budget revenue in the first quarter of 2025 has improved a lot but there are still many difficulties.
On April 1, chaired by Mr. Nguyen Doan Anh - Member of the Party Central Committee, Secretary of the Provincial Party Committee, the Thanh Hoa Provincial Party Committee held the 40th conference, term XIX to assess the situation in the first quarter; key tasks in the second quarter of 2025 and a number of other important contents.
In the first quarter of 2025, despite many difficulties, the socio-economic situation of Thanh Hoa province remained stable and achieved important results. State budget revenue is estimated at VND 12,572 billion; development investment mobilization is estimated at VND 31,909 billion.
Assessing the budget revenue, Mr. Ngo Dinh Hung, Deputy Director of Region X Sub -Department, said that at the beginning of the year, the State budget revenue in the province reached 12,572 billion dong, equal to 86.2% over the same period and 27.6% of the estimate.
This decline has an important cause from reducing the capacity of Nghi Son Petrochemical Plant. Earlier, in the first quarter of the same period, after completing the overall maintenance, the factory operated nearly 120% of the design capacity to compensate for the petroleum production for the whole country when the Binh Son Petrochemical Refinery conducted maintenance. Along with that, crude oil prices have affected the value added tax revenue from crude oil imports.
Land use fee collection in the province in the first quarter also only reached about 14% of the annual estimate. Along with that, fiscal policies, 2% increase in value-added tax reduction by the end of 2026, reduce environmental protection tax... will continue to affect this source of revenue.
In the coming time, the tariff policies of countries continue to affect the import and export activities; Traditional industrial products of the province such as beer, tobacco, steel ... still face many difficulties. In the context that Nghi Son Petrochemical Refinery Capacity decreased compared to 2024, it would cause budget revenue in the area to face many challenges to achieve the set estimate.
According to Mr. Ngo Dinh Hung, in order to exploit the revenue of the state budget in the immediate future, the province and the provincial levels and branches should continue to be more drastic in removing difficulties for production activities; create favorable conditions for businesses to access production and business development capital; Continue to promote land auction. Along with that, the most important solution is to be strongly involved in removing difficulties for investment projects, soon putting into operation and attracting new projects.
Regarding the economic development in the province, Mr. Le Quang Hung - Member of the Provincial Standing Committee, Director of the Department of Finance said that, entered the task in 2025, Thanh Hoa province had many difficulties, while, a part of cadres and civil servants at district and communes worked moderately when implementing the policy of streamlining the organizational structure ...
One of the limitations and weaknesses in the first quarter of 2025 pointed out by Mr. Hung is that the progress of preparing and submitting for approval the 2025 District-level Land Use Plan is still slow. According to the report, up to now, 21/26 districts, towns and cities have not had their 2025 Land Use Plan approved. This situation has negatively affected the implementation of investment projects due to problems with land legal procedures, directly affecting the progress of public investment disbursement.
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