(HBO) - From the beginning of the year until now, Hoa Binh City has well performed the management of commercial and service activities and encouraged the different economic sectors to invest in development, diversifying the services to meet the demands of production and consumption.
In July, the total retail sales of goods and service revenue of the city was estimated at 876.1 billion VND, increasing 24.78% compared to the same period in 2018. Specifically, the individual business households were estimated at 450.6 billion VND, increasing 26.4% compared to the same period and the enterprises were estimated at 425.5 billion VND, increasing 23.12% compared to the same period.
Also in this month, the production value of industry and handicraft (at the current price) is estimated at 372,722 billion VND, increasing 15.3% compared to the same period in 2018. In particular, the production value of the enterprises in the locality is estimated at 144,192 billion VND, increasing 20.07% compared to the same period. The production value of the individual production and business establishments reached 68,750 billion VND, increasing 14.1% compared to the same period and the production value of foreign-invested enterprises reached 159.78 billion VND, reaching 15.1% compared to the same.
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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