Economic restructuring should be channelled more specifically to realise the socio-economic targets set by the National Assembly, not only for 2018 but also for the following years, said Minister of Planning and Investment Nguyen Chi Dung.
At a teleconference on
September 24 with localities nationwide to evaluate the socio-economic
situation in 2018 and set up plans for 2019 (Photo: VNA)
At a teleconference on
September 24 with localities nationwide to evaluate the socio-economic
situation in 2018 and set up plans for 2019, Dung underlined that cities and
provinces should strictly implement the Government’s Resolution No.01/NQ-CP
2018 on key missions and solutions to realise the socio-economic plan and state
budget estimate in 2018.
He also laid stress on the organisation of the conference, which he described
as a breakthrough for the sector in carrying out socio-economic development
solutions in a prompt, sustainable, and effective manner.
According to Tran Quoc Phuong, Director of the National Economic Issues
Department under the Ministry of Planning and Investment, thanks to concerted
efforts made by the Government, ministries, sectors, localities and businesses
as well as support from international organisations and local people, Vietnam has
recorded positive socio-economic development in 2018.
A stable macro-economy is a remarkable achievement and was the driving force
behind the economic restructuring, as well as motivated other sectors, he said,
adding that the GDP was estimated at 6.7 percent and inflation was under
control with the consumer price index (CPI) being well maintained below 4
percent.
The financial market experienced stable progress as credit growth was curbed at
around 17 percent, meeting sufficient capital for the production and business
sector, he said.
Improvements were seen in other important indexes, for example the debt rate
fell from the 63.7 percent at the end of 2016 to around 61.4 percent this year.
State budget collection was estimated at more than 1.35 quadrillion VND (57.8
billion USD), up 3 percent from the initial forecast and 5 percent from 2017.
However, State budget overspending was reckoned at 3.67 percent, higher than
the level assigned by the National Assembly.
The teleconference also shed some light on the disbursement of public
investment and ODA, FDI attraction, the renewal of the growth model, amendments
to the Law on Public Investment, and the building of a revised planning
law.
Source: VNA
Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.
Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.
The Hoa Binh provincial People's Committee has issued Decision No. 2767/QD-UBND announcing the rankings of departments, agencies, districts and Hoa Binh city in the Public Administration Reform Index (PAR) and the Satisfaction Index of Public Administration Services (SIPAS) in 2024.
The cultivation of Dam Xanh fish (Bangana lemassoni), a unique fish species, has seen remarkable growth in Mai Chau district, thanks to its high economic value and effectiveness. Initially concentrated in Van Mai commune, farming has now extended to four other communes, namely Mai Hich, Mai Ha, Chieng Chau, and Son Thuy. These areas benefit from pristine underground water flowing from mountain crevices, providing ideal conditions for raising this specialty fish.
In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.
In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.
