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.
According to the directive, the chairman of the committee
mandates all investors to aggressively carry out tasks and solutions to enhance
the disbursement of public investment funds within their jurisdiction and to
closely collaborate with relevant agencies. Emphasis is placed on ensuring that
the acceleration of disbursement goes hand in hand with maintaining the quality
of the construction work and the efficient use of capital.
The directive calls for heightened inspection
and supervision of ongoing projects to ensure compliance with procedures,
investment quality, and approved objectives. For projects concluding or closing agreements in
2024, it stresses the need to maximise resources, urging contractors to
accelerate progress while ensuring construction quality and capital efficiency
for completion within the approved timeframe.
Regarding those about to receive investment, the
directive underscores the importance of speeding up investment preparation
activities and contractor selection processes, as well as ensuring timely
implementation.
Following the approval to extend the 2023
capital plan disbursement period into 2024, investors are urged to promptly
proceed with the projects to ensure 100% capital plan disbursement within the
extended period. Investors are also advised to proactively report
any emerging issues during the implementation phase to authorities for prompt
solution.
Additionally, the committee assigns specific
tasks to various departments, project management boards, and district- and
city-level People's Committees with ODA projects, aiming to ensure planned
disbursements are achieved.
In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.
In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.
The provincial Department of Industry and Trade developed a two-way trade model to enhance market access for the products of the ethnic minority people in Kim Boi and Lac Son district. The initiative aims at expanding distribution network for local essential goods.
Lac Thuy district has many advantages in terms of climate and soil; hard-working and diligent people, along with a large area of agricultural land to develop safe agricultural models. These are favourable conditions for the district to develop OCOP (one commune one product) products from its agricultural resources and strengths. In addition, its socio-economic infrastructure system has been renovated and upgraded, facilitating the development of trade, services and tourism.
