(HBO) – The provincial Department of Industry and Trade on January 12 organised a conference to review performance in 2020, and carry out tasks and plans in 2021. Vice Chairman of the provincial People’s Committee Nguyen Van Chuong attended and gave direction at the event.
Leader of the Department of Industry and Trade presents certificates of merit to organisations that have excellent achievements in 2020.
Last year, the sector implemented various measures to promote production and business, helping ensure sufficient essential supplies for local people amidst complicated developments of the COVID-19 pandemic.
Value of local industrial production was estimated at over 43 trillion VND (1.87 billion USD), a year-on-year surge of 15 percent, while revenue from retail sales was 37.68 trillion VND, up 18.88 percent from the previous year. The province gained more than 1 billion USD in export revenue, rising 31.72 percent year-on-year. Meanwhile, spending on imports increased 37.8 percent to 875 million USD.
Local consumer price index went up 2.28 percent.
This year, the sector targets to achieve 8 percent growth in industrial production, as well as gain over 44.46 trillion VND in revenue from retail sales and services and 980 million USD from exports. The consumer price index will be kept under five percent.
Additionally, it will work to help 99.82 percent of the local households access the national power grid.
At the conference, Chuong spoke highly of the sector’s achievements in the year, asking it to sharpen focus on supporting investors to complete infrastructure at industrial parks, and removing bottlenecks to develop import and export markets.
Due attention should be paid to carrying out the project "developing markets for Hoa Binh province’s key agricultural products during the 2020-2025 period with vision to 2030” in an effective fashion, he said, adding more efforts are needed to promote administrative reform and prevention of corruption and waste./.
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.
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