(HBO) - The COVID-19 pandemic and long-lasting water shortage at reservoirs are hampering Hoa Binh province’s State budget collection.
Over the past years, Son Thuy joint Stock Company in
Hoa Binh city’s Mong Hoa commune has stood out in production-business and State
budget collection.
In July, State budget collection is
estimated at 465.1 billion VND, equal to just 9 percent of the target signed by
the provincial People’s Council. It is estimated to reach 1.87 trillion VND in
the first seven months of 2020, of which domestic collection reached 1.738
trillion VND, equivalent to 41 percent of estimates assigned by the Prime
Minister and 36 percent of the target set in the provincial People’s Council
resolution.
Collection from import-export activities is
estimated at 135.5 billion USD, equal to 75 percent of estimates assigned by
the Prime Minister and 62 percent of the target set in the provincial People’s
Council resolution.
In addition, local budget collection is
estimated at 8 trillion VND during January-July, equal to 75 percent of
estimates assigned by the Prime Minister and 62 percent of the target set in
the provincial People’s Council resolution./.
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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