(HBO) – At present, the People’s Committee of Hoa Binh City is managing and carrying out 101 projects funded by public investment capital. After adjustment and reduction, total capital allocated to those projects amounts to over 587.7 billion VND this year. Of which, 318.7 billion VND is from official development assistance and over 47.6 billion VND from the State budget. As of September 7, over 91.6 billion VND was disbursed, or 15.6 percent of the assigned plan.

As directed by the Prime Minister and Chairman of the provincial People’s Committee, disbursement of public investment capital must reach at least 60 percent of the assigned yearly target by September 30. Therefore, it is hard for the city to meet the requirements.

 Thanks to investment capital, the National Highway 70B via Yen Mong commune, Hoa Binh city is being upgraded.

Specifically, there are two ODA-funded projects in the city. As of September 7, only 16.66 billion VND was disbursed, or 5.22 percent. Seven other projects are funded by the central State budget and three used local budget, with a total 28 billion VND allocated under the 2021 capital plan, but only 5.08 billion VND has been disbursed so far. Ten projects use additional capital from the district budget.

According to the municipal People’s Committee, capital disbursement is slow and delayed in several projects due to difficulties in compensation and site clearance. The municipal authorities are directing investors to take next steps to ensure the progress of disbursement as committed after completing procedures for project adjustment.

Regarding the northern mountainous urban area development programme, the municipal authorities issued Document No.2482/UBND-ODA in July asking to receive ODA capital for the first time in 2021. At a recent meeting with the provincial authorities, Chairman of the municipal People’s Committee Bui Quang Diep said the city has promptly completed necessary procedures required by the provincial People’s Committee and the Ministry of Construction. After the ministries of construction, finance, planning and investment allow the city to receive the capital, the municipal authorities will pay back the 100 billion VND advance to the provincial budget and pay over 50 billion VND for completed work by contractors.

So far, the relevant ministries have allowed the first capital withdrawal under the northern mountainous urban area development programme. Therefore, the city could disburse about 150 billion VND, thus meeting the requirement of disbursing at least 60 percent of the assigned plan by September 30./.

 



 


Related Topics


Hoa Binh takes actions to connect markets, promote values of agricultural products

After more than four years of implementing a project launched by the Hoa Binh Party Committee’s Standing Board on developing agriculture and promoting product consumption linked with building new-style rural areas for the 2021-2025 period, the province’s industry and trade sector has made significant strides, greatly contributing to local socio-economic development.

Luong Son district is determined to achieve the targets of double-digit growth

Luong Son district has identified 2025 as the year for the accelerated breakthrough to successfully implement the socio-economic development plan for the 5-year period from 2021 to 2025. The district has been focusing on executing the plans and trying to achieve a GRDP growth rate of approximately 15%.

Issuing the certificates of the product safety in the supply chain for the establishments

Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.

Hoa Binh province reviews state budget revenue in first two months

Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.

Young Thai ethnic woman brings traditional brocade to international market

Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.

Tan Vinh farmers strive to excel in production and business

As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.