(HBO) – In the past time, the COVID-19 pandemic has caused a slowdown in industry - craft production across Hoa Binh city, with many firms working in indifferent manner.
The
T&T company’s workshop for processing agricultural by-products (Yen Mong
commune, Hoa Binh city) maintains production to ensure jobs for workers.
The local industry-craft production
value was estimated at 378.4 billion VND (16.2 million USD) in April, up 8.8
percent year on year and bringing the accumulated number for the first four
months to over 2.1 trillion VND.
The city always creates favorable
conditions to attract enterprises investing in its three industrial parks – in
the left bank of the Da river, and in Mong Hoa and Yen Quang communes. It is
also working to accelerate the progress of constructing infrastructure at the
Yen Mong, Cham Mat - Dan Chu, and Trung Muong industrial clusters.
Also in April, the city’s retail
sales and services revenue reached more than 1.3 trillion VND, a year-on-year increase
of 5.2 percent. Of the total, individual business households contributed 640.5
billion VND, while enterprises accounted for the remainder./.
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.