(HBO) - According to reports from the provincial People’s Committee, Hoa Binh’s plan for investment capital sourced by the State budget in 2019 is worth over 2.47 trillion VND. Of the sum, 2.445 trillion VND has been allocated to specific projects.
Only
24.98 billion VND, which belongs to the National Target Programme on
sustainable poverty reduction, has not been allocated to any projects.
Thanks to
the public investment capital resources,construction work has been accelerated on Road No. 435 from Hoa Binh
City to Ngoi Hoa commune
of Tan Lac.
By August 20, the province
disbursed 819.6 billion VND in public investment, equal to 33 percent of the
set plan.
Of the disbursed capital, 574.4
billion VND was from the province’s budget, or 40 percent of the year’s plan, and
169.2 billion VND was from the State budget’s allocation for targeted support.
However, the disbursement of foreign official development assistance (ODA)
reached 22.9 billion VND, or 7 percent of plans, and the rate of disbursement
in capital allocation for the National Target Programme on new rural
development was only 13 percent, equivalent to 53 billion VND.
Meanwhile, no capital for the
National Target Programme on sustainable poverty reduction has been disbursed.
According to data from the Hoa Binh Provincial Party Committee, the industrial production index for the first six months of 2025 is estimated to have increased by 20% compared to the same period last year. This marks the highest year-on-year growth rate for this period since 2020.
In the first six months of 2025, Hoa Binh province’s export turnover was estimated at 1.145 billion USD, marking an 18.11% increase compared to the same period in 2024. Import turnover was estimated at $ 804 million, a 17.15% increase, which helped the province maintain a positive trade balance.
The lives of the ethnic minority farmers in Tan Lac district have gradually improved thanks to the new directions in agricultural production. This is a testament to the collective strength fostered through the professional associations and groups implemented by various levels of the district’s Farmers’ Union.
With the motto the "product quality comes first,” after nearly one year of establishment and operation, Muong village’s Clean Food Agricultural and Commercial Cooperative, located in Cau Hamlet, Hung Son Commune (Kim Boi district), has launched reputable, high-quality agricultural products to the market that are well-received by consumers. The products such as Muong village’s pork sausage, salt-cured chicken, and salt-cured pork hocks have gradually carved out a place in the market and they are on the path to obtaining the OCOP certification.
In the past, the phrase "bumper harvest, rock-bottom prices" was a familiar refrain for Vietnamese farmers engaged in fragmented, small-scale agriculture. But today, a new spirit is emerging across rural areas of Hoa Binh province - one of collaboration, organisation, and collective economic models that provide a stable foundation for production.
Maintaining growing area codes and packing facility codes in accordance with regulations is a mandatory requirement for agricultural products to be eligible for export. Recently, the Department of Agriculture and Environment of Hoa Binh province has intensified technical supervision of designated farming areas and packing facilities to safeguard the "green passport" that enables its products to access international markets.
