(HBO) – Authorities have reported a shortage of petrol supply in certain localities across the country recently. However, thanks to timely actions by relevant forces and the key businesses, fuel supply in Hoa Binh province has still been guaranteed.
A gas station of the Hoa Binh branch of the Vietnam National Petroleum Group (Petrolimex) on Cu Chinh Lan road in Dong Tien ward, Hoa Binh city, publicises new petrol prices.
From 3pm on February 11, petrol prices in Vietnam increased sharply to an eight-year high. Accordingly, prices of E5 RON 92 were raised by 980 VND per litre to the maximum of 24,570 VND per litre, RON 95 by 960 VND to 25,320 VND, diesel by 960 VND to 19,860 VND, kerosene by 960 VND to 18,750 VND, and mazut by 660 VND per kg to 17,650 VND per kg.
To prevent some gas stations from keeping fuel to wait for price hikes, which may lead to shortages, and to guarantee uninterrupted petrol supply for the local market, relevant forces from the province’s Department of Industry and Trade and market surveillance division have taken many measures, including setting up teams to examine fuel trading businesses.
Nguyen Ba Thuc, head of the market surveillance division, said the division issued Document No. 76/CQLTT-NVTH on January 31, 2022 to enhance management, carry out specific measures, make plans, and coordinate with relevant agencies to inspect fuel trading units so as to detect and deal with wrongdoings in a timely and stringent manner.
The Department of Industry and Trade also sent a document to the district-level People’s Committees, the market surveillance division, and fuel traders and distributors, asking them to ensure local gas stations’ timely and sufficient supply of all types of petrol for the market.
At present, there are 12 petrol distributing businesses with 178 outlets in Hoa Binh province. Among them, the Hoa Binh branch of Petrolimex holds the biggest market share, 50 - 55 percent. It is running 26 gas stations in all the 10 district-level localities in the province./.
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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