(HBO) – In recent years, the local people in Kim Boi district have concentrated on economic developments towards forest production. Forest economic development brings realistic benefits for economy-society, protects watershed forests, protects environment, increases forest cover and creates jobs, ensures stable income and contributes to hunger eradication and poverty reduction for the local people.
The nursery of Mr. Quach Van Canh’s family at
Ma hamlet, Cuoi Ha commune, providing the acacia seedlings has become a
familiar address for many farmers inside and outside the commune.
Mr. Quach Van Canh at Ma hamlet, Cuoi Ha
commune (Kim Boi district) tested the quality of acacia seedlings before
exporting.
Before implementing the nursery model, Mr.
Canh’s family mainly cultivated rice and corns but their productivity and
economic efficiency were very low. It was realized that the movements of
planting forest in the commune as well as in the district have developed
strongly while the supply of seedlings was weak, and the farmers had to
purchase seeds from other places for double price but the survival rate of
trees was low. In 2013, he borrowed 20 million VND from the District Bank for
Social Policies in order to invest in acacia nursery with the area of over 1000
m2. In the first year, Mr. Canh planted one kilo of Acacia
auriculiformis and Acacia mangium. Because of the proper application of
techniques and being hard working to monitor each tree, he got incredible
earnings from over 300 thousand seedlings which have been sold out with the
average price of 400 VND per tree. Excepting for all expenditures, the net
profit was about 35 million VND. Perceiving the high economic efficiency from
the acacia nursery, up to the present, his family has expanded the area by 2000
m2 as well as increased nearly 1 million trees per years. Apart from
all expenditures, his family earns approximately 100 million VND annually.
Because of the nursery, Mr. Canh’s family has currently had a stable life and his
children have sufficient conditions to study. Not only pioneering in economic
development and enriching legitimately, but Mr. Canh also created regular jobs
for five workers in the hamlet with the average income of three million VND per
person per month.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.