(HBO) – Hoa Binh has been allocated over 3.39 trillion VND (148.26 million USD) in investment capital from the State budget 2022. The provincial People’s Council approved 4.19 trillion VND worth of public investment, of which 3.82 trillion VND has been allocated to projects.
The last items of the project on upgrading provincial road 432 are being completed. The operational sections have contributed to local socio-economic development.
Of the amount, 1.86 trillion
VND comes from the provincial budget balance, 798.9 billion VND from the extra
amount in local budget collection, 732.5 billion VND from the central budget,
and 422.6 billion VND worth of foreign investment.
The remaining 369.2 billion VND is expected to
be earmarked for projects under the socio-economic development scheme for
residential areas around Da River included in the mid-term investment plan for
2021-2025. Project to improve and upgrade provincial road
435 is being completed the last items by the construction unit. The route put
into operation has promoted socio-economic development of communes in Hoa Binh
lake area.
As of February 28, the province disbursed 518.8
billion VND worth of public investment, completing 15 percent of the target
assigned by the Prime Minister, and 14 percent of the amount already allocated
to projects.
As much as 453.7 billion VND from the provincial
budget balance had been disbursed, fulfilling 24 percent of the amount assigned
by the PM and 17 percent of the capital allocation for projects.
Meanwhile, 57.2 billion VND from domestic
central budget and 7.8 billion VND from foreign sources had been disbursed. /.
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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