The Vietnamese Government has, and is implementing concerted policies and measures for economic recovery during and after the COVID-19 pandemic, according to Foreign Ministry spokeswoman Le Thi Thu Hang.
Vietnam is implementing a range of measures to boost economic recovery.
At the Foreign Ministry’s regular press conference on May 14,
the spokesperson said Vietnam has basically controlled and driven back the
COVID-19 epidemic thanks to drastic and effective prevention measures, which
laid an important foundation to consolidate the trust of the business community
and domestic and foreign investors.
Besides epidemic control work, the
Government has consistently pursued the policy of promoting socio-economic
development in order to strengthen the economy’s foundation and its resilience,
Hang said.
She elaborated that under this policy,
the Government has worked to ensure supply chains and the trade of goods and
services in the country as well as with other countries, while pushing ahead
with effort to improve the business and investment environment, cut procedures
and costs for enterprises, develop infrastructure and logistics, and actively
implement free trade agreements with partners.
The Government has also provided support
to enterprises and investors in tackling difficulties caused by the COVID-19
epidemic so as to continue implementing their investment projects in Vietnam,
including allowing experts and skilled workers to enter Vietnam while ensuring
epidemic prevention, the spokeswoman said.
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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