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 Head of the Tax Department of Region X, said that in the first quarter of the year, the State budget revenue in the province reached VND 12,572 billion, equal to 86.2% over the same period and 27.6% of the estimate.
This decline is due to the important reduction in the capacity of Nghi Son Refinery. Previously, in the first quarter of the same period, after completing the overall maintenance, the plant operated up to nearly 120% of the designed capacity to compensate for the country's petroleum output when Binh Son Refinery conducted maintenance. Along with that, the decline in crude oil prices has 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 will continue to have a general impact on import and export activities; traditional industrial products of the province such as beer, tobacco, steel, etc. still face many difficulties. In the context of the decrease in the capacity of Nghi Son Refinery compared to 2024, the budget collection in the area will face many challenges to achieve the set estimate.
According to Mr. Ngo Dinh Hung, to exploit the remaining revenue space for the State budget in the short and long term, the province and all levels and sectors need to continue to be more determined in removing difficulties for production activities; creating favorable conditions for businesses to access capital to develop production and business; continue to promote land auctions. Along with that, the top priority solution is to take strong action in removing difficulties for projects under investment, putting them into operation soon and attracting new projects.
Regarding economic development in the province, Mr. Le Quang Hung - Member of the Provincial Party Committee Standing Committee, Director of the Department of Finance said that, in the implementation of tasks in 2025, Thanh Hoa province has encountered many difficulties, while a number of cadres and civil servants at the district and commune levels have a hesitant working mentality when implementing the policy of streamlining the organizational apparatus... which has affected the implementation of the province's general tasks.
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.
