(HBO) - According to the Q1 socio-economic report of the provincial People's Committee, the State budget revenue in March is estimated at 439.8 billion VND, equal to 9 percent of the target assigned in the provincial People's Council’s Resolution. The collection in the first three months is estimated at 902.5 billion VND, equivalent to 20 percent of the estimate assigned by the Prime Minister and 18 percent by the provincial People's Council.
Japanese-invested Sanko Vietnam Co., Ltd, in Huu Nghi ward of Hoa Binh
city generates jobs for workers, and well fulfills tax obligations.
Of the total, domestic revenue was 818.8 billion VND, equal
to 19 percent of the estimate assigned by the Prime Minister and equal to 17
percent of that set in the Resolution of the provincial People's Council, while
revenues from import and export were 83.7 billion VND, equal to 48 percent of
the estimate assigned by the Prime Minister and 38 percent in the Resolution.
Local budget collection in March is estimated at 2.15
trillion VND, equal to 17 percent of the target set in the provincial People's
Council’s Resolution, bringing the total in the first quarter of 2020 to 3.93
trillion VND, equivalent to 31 percent of the estimate assigned by the Prime
Minister, or 30 percent of that set in the Resolution. Of the total, the
additionally balanced revenue from the central budget was 1.37 trillion VND and
the targeted additional revenue from the central budget was 815.8 billion VND.
Local budget spending is estimated at 1.25 trillion VND in
March and 3.98 trillion VND in the first three months of 2020. Of the total,
development investment expenditure was 685.5 billion VND, regular spending was
2,412.2 billion VND and spending from the central budget’s targeted
supplementary resources was 885.8 billion VND./.
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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