(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./.
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
Amid efforts to streamline the administrative apparatus, Hoa Binh province has intensified measures to address challenges in land clearance, resettlement support, and infrastructure investment, aiming to speed up the progress of key projects.
Hoa Binh province has posted an unprecedented economic growth rate of 12.76% in the first quarter of 2025, marking its highest quarterly performance to date and positioning it as the second fastest-growing locality in the country, trailing only Bac Giang province.
Under current regulations, products in the One Commune – One Product (OCOP) programme that are rated three stars or higher must undergo re-evaluation every three months. However, in reality, some of these products fail to consistently meet the required standards, raising concerns about the sustainability of their OCOP certification. This underscores the urgent need for producers to enhance product quality and gradually develop their OCOP products into strong, marketable brands.