(HBO) - Activities have been promoted around Hoa Binh province under the market stabilisation program and the "Vietnamese people give priority to using Vietnamese goods” campaign since the beginning of the year.
Trade and services have posted
relatively high growth, with an abundant supply of goods at reasonable prices meeting
the production and consumption needs of the market.
(Consumer purchasing power in the province increased
sharply in April, a positive sign for economic recovery and development.)
The total retail sales
of goods and services in the province in April was estimated at 7,750 billion
VND, up 3.33 percent compared to March. The figure for the first 4 months of the
year was estimated at 14,650 billion VND, up 15.03 percent over the same period
last year and representing 27.92 percent of the annual plan.
The CPI in April,
meanwhile, was estimated to have increased 0.21 percent month-on-month, with food
and catering services and tourism the main contributors. Rising gasoline prices
was behind the increase in a number of goods.
The Provincial People’s
Committee has focused on directing relevant departments, branches, and
localities to strengthen trade promotion and market management and create the conditions
needed to boost domestic trade and exports and maintain and improve the
efficiency of business links./.
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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