HBO - The north-western province of Hoa Binh continued to record a rise in export-import revenues in the first quarter of 2019, said the provincial Department of Industry and Trade. It made an export value of over 168.5 million USD in the period, an increase of 17.43 percent year-on-year, or 21.33 percent of the year’s plan.
The 100 percent foreign-invested Pacific Company
Limited makes remarkable contributions to Hoa Binh province’s farm produce export.
Of the figure, export of goods hit about
158.71 million USD, up 18.18 percent against the same period last year and
21.22 percent of the yearly plan. Besides, export of services stood at 9.8
million USD, rising 6.41 percent and equivalent to 23.33 percent of the annual
plan.
Meanwhile, import values reached 134.57
million USD, expanding by 23.46 percent year-on-year and meeting 21.19 percent
of the year’s plan.
Statistics showed that the province is
currently home to 30 firms engaging in export activities. Electronic devices,
garment-textile and farm produce remain as the province’s key export staples.
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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