(HBO) – Promoting the pioneering role in the local economic development movement, members of the war veterans’ association in Hoa Binh city have actively learned and created effective economic models to bring high incomes for locals.
In 2019, the average income of each
member reached 57 million VND, while the poverty rate declined to 0.32 percent.
Officials of the city’s war veterans’ association
share experience to develop cow breeding while visiting Dan Chu agriculture
cooperative.
After the mergence with Ky Son
district, the association has a total membership of 7,738. Over the past years,
it has encouraged members from the grassroots level to develop effective
economic models. Local war veterans have made use of the geographical location
of Hoa Binh city as an economic centre of the province with convenient trade
and goods transport to boost sales of local products and expand diverse
economic sectors.
The whole city counts 252 economic
models focusing on the development of agriculture, forestry and trade services,
contributing to the creation of jobs for the local labour force. More than 1,600
members have an average income of about 4.5 million VND per person per month.
Annually, the association
cooperates with departments and trade unions to open 3-4 refresher and
technology transfer courses to attract new members, as well as organise tours
to learn experience from effective and creative economic models.
In 2019, it cooperated with the
Social Policy Bank to help 1,097 households access loans worth 23.86 billion
VND.
It also made effective use of the
145 million VND capital sourced from the Central Committee of the Vietnam War
Veterans Association to create jobs for poor members./.
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.