(HBO) – In contrast to the low level of public investment capital disbursement in the past, in the first nine months of this year, Hoa Binh disbursed 62 percent of the total capital assigned by the Prime Minister this year, making the province one of the localities with highest disbursement ratio in the country. The result was attributable to the outstanding efforts of the provincial Party Committee and People’s Committee in leading and directing the work, which is considered one of the most important political tasks of the province in 2021.
Receiving timely investment, the project to connect the National Highway No.6 with Chi Lang Road of Hoa Binh city has been put into operation as scheduled.
This year, Hoa Binh is allocated 3.78 trillion VND (166.61 million USD) in public investment capital. The figure approved by the provincial People’s Council for the year is 4.08 trillion VND. As of September 30, Hoa Binh had assigned 4.03 trillion VND to projects, equivalent to 107 percent of the plan.
In the first months of 2021, the disbursement of public investment capital faced many difficulties and obstacles. In that context, the provincial People’s Committee rolled out drastic solutions to speed up the disbursement. The committee held regular meetings with investors of projects to explore difficulties facing them for timely solutions.
For projects that could not disburse the capital immediately or those that have completed without spending all the allocated capital, the provincial People’s Committee has made adjustments or cut down the capital for them and transfer the capital to other projects. From August 25 to September 30, the committee made five times of adjustments with total capital of 320.6 billion VND.
For projects using official development assistance (ODA) that cannot be implemented, the committee has submitted proposals to the Ministry of Planning and Investment and the Ministry of Finance on adjustments with total capital of 397.9 billion USD.
Commenting on the disbursement of public investment capital, Chairman of the provincial People’s Committee Bui Van Tinh underlined that as of September 30, Hoa Binh had been one of the top 11 localities nationwide in the ratio of disbursement. This reflects the effective directions and efforts to keep a close watch on the situation to give suitable solutions, as well as the high determination of the investors. However, the task in the rest of the year is tough, requiring more efforts to complete.
Local authorised agencies and localities should work harder, keep close watch of each project, strengthen supervision and inspection and settle difficulties and problems hindering the disbursement of the
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 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%.
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 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.
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.
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.
