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Average Income Per Capita Chart of Son Tay Town 2017-2020


Table 2.1: Economic growth rate of Son Tay town 2017-2020

Unit: Billion VND


STT

Content

2017

2018

2019

2020

I

Total production value

8,224

8,997

9,877

10,768

1

Industry - Construction

build

3.503

3,860

4.425

5,190

2

Service

3,701

4,031

4,376

4,372

3

Agriculture - Forestry, Fisheries

1,020

1.106

1,076

1,206

II

Growth rate

(%)

11.8

9.4

9.8

9.0

1

Industry - Construction

5.4

10.2

14.6

17.3

2

Service

22.4

8.9

8.6

-0.1

3

Agriculture - Forestry, Fisheries

1.0

8.4

-2.7

12.1

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Average Income Per Capita Chart of Son Tay Town 2017-2020

(Source: Report on socio-economic results of Son Tay town 2017-2020)

Son Tay town has a fairly high average growth rate, the main economic indicators basically completed and exceeded the plan. The total output increased in 2020 compared to 2017 was 2,554 billion VND, the average growth rate reached 10%. In which, the Industry - Construction sector had an average growth rate of 11.9%, the service sector reached 10%, the Agriculture - Forestry and Fishery sector reached 4.7%. However, the growth rate of the Agriculture - Forestry and Fishery sector in 2019 decreased by 2.7% compared to 2018 due to the serious impact of African swine fever, which forced the destruction of a large number of pigs in the town.

In 2020, due to the impact of the Covid-19 epidemic, the economic growth rate of Son Tay town slowed down, not reaching the set target but the growth rate still reached 9%. Of which, the Industry - Construction sector increased by 17.3%, the service sector decreased by 0.1%, the Agriculture - Forestry and Fishery sector increased by 12.1%.


Table 2. 2: Economic structure of Son Tay town 2017-2020

Unit: %


Content

2017

2018

2019

2020

Economic structure

100

100

100

100

Industry - Construction

42.6

42.9

44.8

48.2

Service

45.0

44.8

44.3

40.6

Agriculture - Forestry, Fisheries

product

12.4

12.3

10.9

11.2

(Source: Report on socio-economic results of Son Tay town 2017-2020)

The economic structure of Son Tay town by industry and sector in the period of 2017-2020 has shifted towards increasing the proportion of Industry - Construction and Services; gradually reducing the proportion of Agriculture - Forestry and Fisheries.

Industry - Construction : Is a key economic sector of Son Tay town, including industries such as: metallurgy - electricity, textiles, food processing industry, beverages, wood products, construction materials production, concrete... Currently, there are about 265 enterprises operating in the Industry - Construction sector, 800 households producing small-scale handicrafts. The structure of the Industry - Construction sector increased from 42.6% in 2017 to 48.2% in 2020, the average for the whole period reached 44.6%.

Service industry : This is an industry with a relatively high growth rate, gradually becoming a key economic sector of Son Tay town. The structure of the service industry during this period fluctuates around 40.6% - 45%, averaging around 43.7%. The town currently has about 565 enterprises, cooperatives and 8,139 households operating in trade, tourism and services. The main service activities of Son Tay town include: Banking, insurance, transportation services, restaurants, hotels, post and telecommunications, which are increasingly developing, rich and diverse to meet the service needs of the people. Health care and education services are gradually developing with increasingly improved and enhanced quality. The commercial and service infrastructure has been renovated, upgraded, and a number of new wholesale markets have been built in the town, and a mini-supermarket system covers most wards in the town. The development


The development of supermarket systems, convenience stores such as Lan Chi supermarket system, Vinmart convenience store chain and many other convenience stores contribute to enriching the forms of providing necessities for people in the area.

The tourism industry is increasingly interested in investing in infrastructure construction, promoting communication, organizing the sale of increasingly rich and diverse tourism products to meet the increasing needs of tourists. The town has many more places attracting many visitors such as: Khai Nguyen Pagoda, Mang Son Temple, Linh Thong Pagoda, Son Tay Temple, Son Tay Ancient Citadel, Duong Lam Ancient Village, Dong Mo Lake tourist area, etc.

Agriculture - Forestry and Fishery : The sector with the lowest proportion, not contributing much to the town's economy. The structure of the Agriculture - Forestry and Fishery sector has gradually decreased over the years from 12.4% to 11.2%. The main activities of the sector are cultivation, livestock and poultry farming, and aquaculture. The town's agricultural sector has gradually shifted towards commodity production, applying high technology, creating clean, high-quality products such as gradually converting rice and cereal cultivation to vegetable and flower production areas with much higher economic value than rice cultivation, bringing good income to farmers. The Livestock sector has gradually shifted from quantity to quality and value; developed towards disease-safe farms and ranches; the proportion of livestock value is increasingly high in agricultural production. Farmers have gradually shifted to investing in developing some high-value specialties and building brands such as: Kim Son honey beekeeping, Son Tay Mia chicken farming, free-range chicken farming with herbs, commercial ostrich farming in the direction of producing quality goods, raising French pigeons, and raising goats. Son Tay town has actively directed the transformation of the economic structure model of crops and livestock; introducing high-yield and high-quality varieties of crops and livestock into production. In addition, the town has initially built a number of models linking production - consumption of agricultural products, output consumption for farmers and has 01 high-tech agricultural model of PANFARM Joint Stock Company deployed in Trai Lang village, Co Dong commune.

2.1.2.2. Average income of people


The average income of people in Son Tay town in the period of 2017-2020 has gradually improved, people's lives have gradually improved and enhanced.

Table 2.3: Average income per capita in Son Tay town

Unit: Million VND/person/year


Content

2017

2018

2019

2020

Average income per capita

36.5

39

46.6

52


60


50

52

40 46.6

30 36.5 39

20


10


0

2017 2018 2019 2020


Chart 2.1: Chart of average income per capita in Son Tay town 2017-2020


The economic situation of the town has had encouraging developments, the average economic growth rate is about 10%, the total production value is increasing. This has contributed to the average income per capita of the town increasing steadily over the years, from 36.5 million VND/person/year (2017) to 52 million VND/person/year (2020). The increasing average income per capita of the town reflects the increasing living standards of the people, reducing the gap between rich and poor, which is the basis for the Party Committee and the government of Son Tay town to plan policies and guidelines to help eliminate hunger, reduce poverty, and gradually improve the living standards of local people.

2.1.2.3. Technical infrastructure, social infrastructure

Technical infrastructure: With the attention of the City, Departments, and the People's Committee of Son Tay town, the town's technical infrastructure system has been gradually invested in synchronously. The invested traffic network contributes to connecting the


The main axis road contributes to promoting trade and facilitating people's travel. In the period of 2017-2020, the town has invested in 89.86km of roads, including some key routes such as: Tung Thien Road, Thanh Vi Road, Huu Hong dike upstream corridor road to Son Tay Port, TL418 Road passing through Son Tay town, Cong Bridge across Tich River... Investing in renovating, upgrading and building new 65.63km of commune and inter-village roads; 27.6km of alley and hamlet roads; 51.15km of main intra-field roads contribute to facilitating people's travel in the area.

Social infrastructure:

The school system has been invested in by the town, contributing to promoting the education career in the town, creating favorable conditions for teachers and students to teach and learn. In the period of 2017-2020, the town invested in renovating and upgrading 25 schools; building 05 new schools, helping 14 schools at all levels in the communes have facilities and teaching equipment that meet national standards.

The grassroots health network system has received investment and development. From 2017-2020, investment was made in 07 commune and ward health stations and Le Loi polyclinic; 02 hospitals in the town have been and are being invested in renovation, upgrading, expansion and construction to be more spacious and modern; private health facilities are maintained, regularly inspected, monitored and evaluated for the quality of medical examination and treatment.

The system of cultural institutions continues to be invested in and completed. In the period of 2017-2020, the town has completed the investment in renovating and building 57/70 cultural houses, village sports areas, and building 03 new central cultural houses and commune sports houses. Thereby creating favorable conditions for people to participate in cultural and entertainment activities. At the same time, investing in the installation of 142 sports equipment for cultural houses of residential groups and villages in the town helps the mass sports movement to continue to be maintained and developed.

2.1.3. Overview of revenue and expenditure of the state budget of Son Tay town

The town's budget revenue is relatively stable, contributing to ensuring the implementation of the town's political, economic and social goals. State budget expenditures are


Strictly control to ensure budget balance, no budget deficit. The results of revenue and expenditure of Son Tay town's state budget in the period 2017-2020 are as follows:

Table 2.4: Revenue and expenditure situation of Son Tay town's state budget 2017-2020

Unit: Billion VND


TT number

Year

Content

2017

2018

2019

2020

1

State budget revenue

1,169

1.101

1,195

1.109

2

State budget expenditure

1,144

1,089

1,163

1,099

3

Balance the budget

25

12

32

10


Expenditure/income ratio

98%

99%

97%

99%

(Source: State budget settlement report of Son Tay town 2017-2020)

State budget revenue: The town's budget revenue is relatively stable over the years, reaching about >1,100 billion VND, slightly decreasing from 2017 to 1,169 billion VND to 1,109 billion VND in 2020. State budget revenue includes the main sources of revenue, which are regulated local budget revenue ( including tax revenue from non-state industrial and commercial zones, land revenue, registration fees, fees and charges, other revenue ), additional revenue from higher-level budgets, source transfer revenue and budget surplus. In which, the revenue source with the largest proportion is additional revenue from the higher-level budget, accounting for about 61.5% of the town's budget revenue. In 2020, due to the impact of the Covid-19 epidemic, most of the town's revenue sources have not reached the set target, but the decrease compared to 2019 is not much, so it still ensures political, economic and social tasks.

State budget expenditure: The town's state budget expenditure in the 2017-2020 period fluctuated between VND 1,099 billion and VND 1,163 billion. The town's budget expenditure includes development investment expenditure, regular expenditure, budget transfer expenditure, and source transfer expenditure. Of which, regular expenditure is the expenditure item accounting for the largest proportion of about 51% of the town's total budget expenditure. In 2020, the town's budget expenditure decreased by about 5.5% compared to 2019 due to the impact of the Covid-19 pandemic, which reduced revenue, leading to the need to adjust expenditure items.


Budget balance: In the period of 2017-2020, the town's budget revenue was always 10-32 billion VND higher than the budget expenditure, contributing to ensuring the town's budget balance without budget deficit. Budget balance not only reflects the correlation between revenue and expenditure in a fiscal year, but also reflects the close correlation between revenue and expenditure, which shows the harmony and rationality in the structure of revenue and expenditure to carry out the tasks of economic and social development of the town. A surplus of revenue greater than budget expenditure will contribute to creating investment resources for the following budget years. In essence, the budget of Son Tay town depends heavily on the city's budget, so the small difference in revenue and expenditure contributes to reducing dependence on the city's budget, creating more initiative for the town in budget management.

Table 2.5: Budget revenue structure of Son Tay town 2017-2020

Unit: Million VND



Content

2017

2018

2019

2020


Value

Proportion


Value

Proportion


Value

Proportion


Value

Proportion

State budget revenue

1,169

100

1.101

100

1,195

100

1.109

100

1. Local budget collection

215

18%

175

16%

323

27%

239

21%

2. Additional revenue from higher budget

724

62%

708

64%

693

58%

683

62%

3. Revenue carried forward from previous year


199


17%


193


18%


167


14%


155


14%

4. Collect the previous year's budget surplus

31

3%

25

2%

12

1%

32

3%

(Source: Report on final settlement of state budget revenue of Son Tay town for the period 2017-2020)

Looking at the budget revenue structure of Son Tay town in the period of 2017-2020, it shows that additional revenue from the higher-level budget accounts for a very large proportion of about 61.5%, including additional revenue from balancing and targeted revenue, in which additional revenue from the higher-level budget accounts for about 60-70%. Budget revenue at the local level


The local budget accounts for about 20.5% of total budget revenue, of which revenue from non-state industrial and commercial zones and land rent are the two revenue items with the largest proportions. Revenue transferred from the previous year accounts for about 15.8%, this target is high in the context that the town budget still depends on the support and supplementation of the higher-level budget. The previous year's budget surplus accounts for a very small proportion of the total budget revenue, about 2.3%, but also contributes to creating resources to continue investing in development in the following year.

Local budget revenue tends to increase gradually from 215 billion VND (2017) to 239 billion VND (2020), the proportion has also increased from 18% to 27%. Since then, the revenue structure has gradually shifted in a more reasonable direction, increasing the proactiveness of Son Tay town budget.

Additional revenue from the higher-level budget has decreased gradually over the years from 724 billion VND to 683 billion VND, the proportion fluctuates around 58-64% of total budget revenue. This shows a large dependence on the higher-level budget.

Revenue transferred from sources tends to decrease gradually from 199 billion to 155 billion, the proportion decreases from 17% to 14%. This shows that the town's budget management has gradually improved, however, the annual revenue transferred from sources is quite high, showing that the ability to utilize resources and seek support from superiors is not good.

Table 2.6: Budget expenditure structure of Son Tay town 2017-2020

Unit: Million VND



Content

2017

2018

2019

2020

Value

Proportion

Value

Proportion

Value

Proportion

Value

Proportion

Household budget

water

1,144

100%

1,089

100%

1,163

100%

1,099

100%

1. Development investment expenditure

308

27%

291

27%

344

30%

317

29%

2. Regular expenses

545

48%

547

50%

589

51%

612

55%

3. NS transfer fee

98

9%

85

8%

75

6%

70

6%

4. Source transfer

next year

193

17%

166

15%

155

13%

100

10%

(Source: State budget settlement report of Son Tay town for the period 2017-2020)

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