HBO – Sugarcane has brought about a high economic value and had a stable consumer market compared with other crops. Sugarcane has become a key crop in the local cultivation industry, contributing 17 – 18 percent of Hoa Binh province's agricultural production value.
The
province is carrying out an investment project to develop its purple sugarcane
brand in Cao Phong, Tan Lac, Lac Son, Yen Thuy and Kim Boi districts with a
total area of about 1,760 ha.
The
26.4 billion VND (1.13 million USD) project aims to develop concentrated
sugarcane production areas. Planning of purple sugarcane production is also an
important part in implementing the agricultural restructuring project towards
improving the added value and sustainable development of Hoa Binh province by
2020.
Tan My commune (Lac Son district)
grows purple sugarcane, earning around 150 million VND per hectare.
In
2018, the province's sugarcane productivity reached about 71 tonnes per
hectare, making up a total output of 549,487 tonnes. The sugarcane production
value surpassed 1.3 trillion VND. The average growth rate of sugarcane
production in the 2011-2018 period is 99.23 percent a year. The average income
of sugarcane growers is about 200-250 million VND a hectare, of which spending
is about 100-110 million VND per hectare, and profit of about 100-140 million
VND per hectare. The sugarcane (purple and white sugarcane) growing area always
accounts for a high proportion in the province's sugarcane planting area (from
80-85 percent).
Vice
Chairman of the provincial People’s Committee Nguyen Van Dung said that the
committee assigned the local Department of Agriculture and Rural Development to
review and adjust the sugarcane production planning until 2020 with a vision to
2030 in the key districts of Lac Son, Tan Lac, Yen Thuy, Da Bac and Lac Thuy. Accordingly,
the purple sugarcane area will be raised to 9,500 hectares by 2020, and 10,000
hectares by 2030, with the sugarcane output reaching about 225,000 tonnes.
According
to him, it is necessary to focus on implementing solutions on science and
technology, mechanisms and policies, credit, and encouraging the application of
mechanisation in sugarcane production, and encouraging enterprises to invest in
agriculture and rural areas.
Attention
should be paid to investing in building and expanding sugarcane establishments
of the centre for plant varieties, livestock and fisheries, and the Hoa Binh
Sugarcane joint Stock Company, he said, adding that the province strives to use
100 percent of sugarcane varieties to be produced by tissue culture by 2025./.
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.
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