(HBO) – Hoa Binh province saw foreign trade rebounding further in July as exports picked up 7.35 percent from the previous month to over 83.25 million USD and imports grew 46.26 percent month-on-month to 107.5 million USD.
SMA VINA Viet – Han Garment
Import Export JSC, headquartered in Dan Chu ward, Hoa Binh city, boosts
production to maintain employment for hundreds of local workers.
In the first
seven months of this year, the province’s exports totalled 406.38 million USD,
down 12.12 percent from the same period last year.
Exports of
commodities in July topped74.05 million USD, up 7.02 percent month-on-month, while exports of services
reached 4 million USD, up 14.29 percent.
From January – July,the export of commodities and
services amounted 384.05 million USD and 21.32 million USD, down 12.24 percent
and 9.93 percent, respectively.
Meanwhile, its
imports hit 401.2 million USD during the period, a year-on-year increase of
10.52 percent./.
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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