(HBO) – The Hoa Binh provincial People’s Committee targeted 1.437 billion USD in exports and 1.097 billion USD in imports this year. Since the start of 2022, the administration has ordered relevant departments, sectors, and localities to jointly work to tackle difficulties and facilitate trading activities.
A garment factory in Tan Lac district has provided jobs for
about 200 workers and considerably contributed to the province’s export value.
Hoa Binh has been working to fully capitalise on
free trade agreements and expand export markets so as to boost overseas
shipments, especially the commodities with high added value. Efforts are also
being made to attract investment to developing logistics services and
infrastructure so as to improve export and import efficiency. In addition, the province
is stepping up the implementation of a project on developing export markets for
local key agricultural products for 2021 - 2025, with a vision to 2030.
In February, Hoa Binh recorded about 112.91
million USD in exports and 91.24 million USD in imports, respectively rising
2.13 percent and 2.9 percent month on month. That raised the respective
two-month figures to 223.47 million USD and 179.92 million USD, up 15.83
percent and 15.34 percent year on year, and equivalent to 15.55 percent and
16.4 percent of this year’s respective targets./.
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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