(HBO) – The Lunar New Year (Tet) festival is nearing, and it is also the time when essential goods for Tet are in great demand. Given this, the Hoa Binh provincial People’s Committee has ordered relevant agencies to augment price management, governance, and stabilisation efforts before, during, and after the 2023 Tet holiday.
To meet high demand during Tet, supermarkets and trade centres in Hoa Binh city
have increased the supply of essential goods.
The provincial Department of Industry and Trade
said to meet growing demand for essential goods during Tet, it has requested
local trading businesses to boost stockpiling to ensure sufficient supply of
quality products with reasonable prices.
Tran Trung Hieu, head of the department’s trade
management division, said the office has devised a loan provision plan to help
businesses stockpile essential goods to stabilise the market before, during,
and after Tet. It has also called on enterprises to expand their distribution
networks to residential areas, industrial parks, and remote areas to improve
local residents’ access to goods with stable prices.
Besides, to guarantee farm produce and food
supply, the Department of Agriculture and Rural Development has coordinated
with district-level authorities and sectors to keep a close watch on the
production, weather, and disease situations; give instructions on farming and
harvesting activities; and step up food safety inspection at production
workshops, business establishments, and households.
Meanwhile, to ensure sufficient goods supply,
the provincial People’s Committee has ordered relevant sectors and
district-level administrations to increase management and examination of the
compliance to legal regulations on prices, taxes, fees, and charges at local
organisations, enterprises, and business households, especially those producing
and trading essential goods and services, and input materials.
It has also demanded authorities to grasp
changes in supply, demand, and prices, particularly in populous areas, to
present any attempt abusing surging demand in the year-end period and Tet to
unreasonably hike prices. Agencies and localities have also been asked to
create conditions for organisations, enterprises, and business households to
hold trade promotion and consumption stimulation programmes; facilitate the
flow of goods; and proactively propose price stabilisation measures when
necessary to maintain market stability./.
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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