(HBO) – Vice Secretary of the Party Committee and Chairman of the People’s Committee of Hoa Binh province Bui Van Khanh on July 10 had a working session with his counterpart from its neighbouring province of Son La to discuss investment in building Hoa Binh – Moc Chau expressway.
Vice
Secretary of the Party Committee and Chairman of the People’s Committee of Hoa
Binh province Bui Van Khanh speaks at the working session.
The Hoa Binh-Moc Chau expressway is designed to
start from Highway 6 – section in Trung Minh commune (Hoa Binh city), go
through Da Bac and Mai Chau districts (Hoa Binh), Van Ho and Moc Chau districts
(Son La), and emds at Highway 43 - section in Phieng Luong commune (Moc Chau).
During the function, delegates were informed about adjustments of
the project to ensure its progress, economic and technical feasibility, as well
as financial efficiency.
The 84km expressway will have a total estimated
investment of over 22 trillion VND (950 million USD), including more than 12
trillion VND from investors and the remainder sourced from the State budget to
support land clearance and residential resettlement.
The project will be carried out from 2021 to
2024.
The two provinces’ authorities agreed on
investment adjustments of the project and affirmed their determination to put
the expressway into operation as soon as possible./.
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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