(HBO) - Hoa Binh province’s local budget revenue was estimated at 2.36 trillion VND in June, raising its total local budget collection in the first half of this year to 7.14 trillion VND, equal to 60 percent of the estimate assigned by the Prime Minister and 57 percent of the plan set in the Resolution of the provincial People’s Council, and up 25 percent year-on-year, according to data reported by the provincial People's Committee.
In the first six
months of 2021, the local budget prioritized spending on the prevention of the
COVID-19 pandemic, thus contributing to ensuring safety in the province.
Of the total, regulation revenue is estimated at over 1.91
trillion VND, balancing transfers at over 2.881 trillion VND, and target
transfers at 844 billion VND.
Also in the first half of the year, local budget expenditure is
estimated at 6.26 trillion VND, equal to 53 percent of the estimate assigned by
the Prime Minister and 50 percent of the plan set in the Resolution of the
provincial People's Council, and up 2 percent over the same period last year.
Of the total, spending on development investment was 829.6 billion VND, regular
expenditure 4.41 trillion VND and expenditure from target transfers 1.02
trillion VND.
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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