(HBO) – In 2022, Hoa Binh aims for economic growth of 9%, State budget collection of over 6.4 trillion VND (267.61 million USD), and total social investment of about 19.7 trillion VND, which is completely feasible as the province recorded growth of 10.32% in the first nine months of this year, according to Nguyen Van Thang, Director of the provincial Department of Planning and Investment.
Showing strong post-pandemic recovery, Esquel Vietnam garment company in Hoa Binh’s Luong Son industrial park has made great contributions to the province’s export value.
Speaking at a meeting of the provincial People’s Committee to evaluate the implementation of socio-economic tasks in the first nine months of thus year and define tasks for the rest of the year, Thang said that due to impacts of the COVID-19 pandemic and conflicts in the world, the realisation of tasks for this year is tough.
However, the province has identified drastic measures with various directions and solutions to complete all targets of particular sectors and areas, while working to remove difficulties and obstacles in administrative procedures, capital, ground clearance and land to speed up business and production activities and attract more investment in the province.
As a result, in the first nine months of this year, Hoa Binh’s gross domestic product (GDP) expanded 10.32%, with agro-forestry-fisheries sector growing 3.92%, industry-construction 15.66%. service 7.74%, and tax collection 4.37%.
Thang attributed the result to the strong recovery of the service sector, especially tourism. In the period, Hoa Binh welcomed 2.45 million visitors, a surge of 104% year on year, earning 2.28 trillion VND.
At the same time, strong growth at 25.7% was seen in industrial production, especially power production of the Hoa Binh Hydropower Plant, said Thang.
He said that in the first nine months of this year, the province saw the establishment of 380 new companies with combined capital totaling 10 trillion VND, up 14% year on year. It drew 45 investment projects the combined capital of which amounts to 31.46 trillion VND, 30 projects higher compared to the same time last year and a rise of 129.4% in value. So far, the province has lured 61 trillion VND, two-third of the target of 80 trillion VND set for the whole year, he added.
However, Thang also pointed to various shortcomings of the province, including the slow disbursement of public investment capital, stressing that Chairman of the provincial People’s Committee Bui Van Khanh has directed agencies and investors to exert efforts to speed up the disbursement, and asked for departments and sectors' stronger performance and higher determination in the work, thus completing all the goals set for this year./.
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.
.jpg)
.jpg)
