(HBO) - Since the beginning of 2022, the province implemented solutions to speed up disbursement, and improve the efficiency and management of public investment capital.

Hoa Binh has also met with agency heads to ensure projects stay on target and to cut public investment capital for those that are behind schedule, that could become a drag on effective disbursement.

Ngoi Hoa port in Suoi Hoa commune (Tan Lac) is invested and built, contributing to promoting tourism development of Hoa Binh lake.

The province's 2022 state budget investment plan was assigned by the Prime Minister in Decision No. 2048/QD-TTg, dated December 6, 2021 with a total capital of 3,393.9 billion VND.

The amount of capital assigned by the Provincial People's Council in Resolution No. 61/NQ-HDND dated December 9, 2021 was 4,192.8 billion VND, including investment capital in balance according to the criteria of 577.39 billion VND; lottery revenue 13.47 billion VND; revenue from land use 1,597.4 billion VND; and other investment capital was 400 billion VND. Compared to the previous year, investment capital from allocated lottery revenue increased by 1.47 billion VND, other investment capital increased by 400 billion VND. Revenue from allocated land increased by 397.4 billion VND.

The efficient disbursement of public investment plays an important role in economic recovery and development. The Provincial People's Committee has assigned capital to departments, branches, and localities to be effective in implementing programs and projects.

By the end of March, the province allocated and assigned investment plans totaling 4,192.8 billion VND for projects, reaching 124% of the capital plan assigned by the Prime Minister. The Provincial Council approved the capital plan as it was laid out.

At the same time, the Provincial People's Committee requested efficient disbursement of the funds as critical to their success.

As of March 25, the total disbursed public investment was 521.8 billion VND, accounting for 15% of the capital assigned by the Prime Minister, and 12% assigned by the Provincial People's Committee to the projects.

Specifically, the investment capital in the provincial budget balance disbursed 451.7 billion VND, reaching 17% of the capital plan that the Provincial People's Committee assigned to the projects. Looking at the investment capital according to criteria, disbursement quota reached 24 %, land use revenue reached 14%, other investment capital reached 21%. The lottery funding source has yet to be disbursed.

Central budget capital (domestic capital) disbursed 62.226 billion VND, reaching 6% of the planned amount of capital assigned by the Provincial People's Committee.

Foreign capital (ODA) disbursed 7.8 billion VND, contributing to 2% of the allocated capital plan./.

Related Topics


Hoa Binh takes actions to connect markets, promote values of agricultural products

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 is determined to achieve the targets of double-digit growth

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%.

Issuing the certificates of the product safety in the supply chain for the establishments

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 reviews state budget revenue in first two months

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.

Young Thai ethnic woman brings traditional brocade to international market

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.

Tan Vinh farmers strive to excel in production and business

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.