(HBO) – Over the recent past, the People’s Committee of Hoa Binh city has directed local agencies, wards and communes to strengthen measures to manage and exploit income sources to avoid losses in State budget collection.
A project to upgrade provincial Road 435 crossing Hoa Binh city and Cao
Phong district has received priority in public investment. Its progress is
being sped up.
In the first four months of this year, total State budget collection of the
city reached 153.8 billion VND (6.69 million USD), completing 28.74 percent of
the yearly target, including 20.46 billion VND from land use tax, equivalent to
9.1 percent of the yearly estimate. Income from taxes and fees was 133.3
billion VND, fulfilling 43.29 percent of the yearly target. Besides, expenditure from the city's budget
in the four months was 480.3 billion VND.
Currently, the municipal People’s Committee is managing 96 projects using
public capital with total investment of over 3.07 trillion VND. The city has
also been allocated 536.92 billion VND in 2021.
Specifically, the city is running two ODA projects with a combined capital of
312.52 billion VND, 12 projects using the provincial budget with a total
capital of 45.8 billion VND, of which disbursement by the end of April reached
over 1.3 billion VND, along with 82 projects using districts' budget with 2021
capital of 174.6 billion VND, of which 23.17 billion VND, or 13 percent, had
been disbursed by the end of April./.
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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