HBO – From the start of 2019, the north western province of Hoa Binh approved investment proposals for 14 projects of domestic investors with registered capital worth nearly 1.58 trillion VND (68.31 million USD), up 1 project and 954.7 billion VND in capital compared to the same period last year.
By the end of the year’s first quarter, the
province is forecast to have 536 investment projects in total, including 38
foreign direct investment projects with 625 million USD in registered capital
and 498 domestic ones with capital of about 67.9 trillion VND (2.9 billion USD).
As
many as 50 projects have become operational in industrial parks in Hoa Binh,
contributing to tate budget collection and creating jobs for local people.
Photo: Hoa Binh Knitting Company, based in the industrial park on the left bank
of Da River, generates jobs for 400 workers.
There were 88 projects receiving licences
to operate in the province’s industrial parks. Of the number, 25 projects are
FDI ones with registered capital worth 573.98 million USD and 63 domestic
projects capitalised at about 7 trillion VND.
Up to 50 projects across the province have
begin operation, creating jobs for about 17,250 labourers.
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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