(HBO) - Hoa Binh province’s State budget collection in the last eight months reached over 2.12 trillion VND, equal to 48 percent of the estimate assigned by the Prime Minister and 42 percent of the target set in the resolution of the provincial People's Council.
In August alone, the locality’s State budget collection was
estimated to reach 445.2 billion VND, equivalent to 9 percent of the set plan.
Of the eight-month total, domestic revenue reached over 1.97 trillion VND,
equal to 46 percent of the estimate assigned by the Prime Minister and 41
percent of the target set in the resolution of the provincial People’s Council.
Revenue from local import and export activities was estimated at 148.6 billion
VND, equal to 83 percent of the estimate assigned by the Prime Minister, and 68
percent of the target set in the Resolution of the provincial People’s Council.
The local budget revenue reached nearly
8.9 trillion VND in the last eight months, equivalent to 71 percent of the
estimate assigned by the Prime Minister, and 68 percent of the target set in
the resolution of the provincial People’s Council.
Meanwhile, the local budget expenditure
was estimated at 7.88 trillion VND, equivalent to 63 percent of the estimate
assigned by the PM, and 61 percent of the target set in the resolution of the
provincial People’s Council./.
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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