(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. /.
Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.
Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.
The Hoa Binh provincial People's Committee has issued Decision No. 2767/QD-UBND announcing the rankings of departments, agencies, districts and Hoa Binh city in the Public Administration Reform Index (PAR) and the Satisfaction Index of Public Administration Services (SIPAS) in 2024.
The cultivation of Dam Xanh fish (Bangana lemassoni), a unique fish species, has seen remarkable growth in Mai Chau district, thanks to its high economic value and effectiveness. Initially concentrated in Van Mai commune, farming has now extended to four other communes, namely Mai Hich, Mai Ha, Chieng Chau, and Son Thuy. These areas benefit from pristine underground water flowing from mountain crevices, providing ideal conditions for raising this specialty fish.
In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.
In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.
