(HBO) – Hoa Binh earned more than 52.7 million USD from exports in August, an increase of 0.31 percent from the previous month.
The latest figure brought the province’s total export turnover in
the first eight months of 2018 to approximately 404.5 million USD, up 22.44
percent year-on-year and representing 66.31 percent of the yearly target.
The export of goods reached over 49.4 million USD this month,
raising the 8-month figure to more than 378.7 million USD, up 23.56 percent
year-on-year and equivalent to 66.33 percent of the yearly target. Meanwhile,
the export value of services was estimated at 3.31 million USD in August,
bringing the 8-month figure to 25.75 million USD, up 8.06 percent and
equivalent to 66.03 percent of the goal.
Transon Ltd., Co from the Republic
of Korea operates in Luong Son Industrial Park, Hoa Binh, providing jobs for
many local workers.
The province’s key export items included electronics, clothing and
agricultural products while its largest buyers were the United States, the
European Union, Russia, Japan, China and the Republic of Korea.
Hoa Binh’s imports in August amounted to nearly 43.14 million USD,
a rise of 3.23 percent from July. The aggregated amount for the first eight
months of the year came to over 311.5 million USD, up 12.74 percent
year-on-year and accounting for 63.57 percent of the yearly goal./.
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.
Hoa Binh province has mobilised all resources to propel local agricultural products to make inroads into foreign markets, towards lifting the export turnover of key agricultural products to 137.8 million USD by 2030, accounting for 3.4% of the locality’s total export value of goods.
The locality aims to export farm produce to the US, the European Union, the UK, China, Japan, and the Republic of Korea.
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