(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.
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
Amid efforts to streamline the administrative apparatus, Hoa Binh province has intensified measures to address challenges in land clearance, resettlement support, and infrastructure investment, aiming to speed up the progress of key projects.
Hoa Binh province has posted an unprecedented economic growth rate of 12.76% in the first quarter of 2025, marking its highest quarterly performance to date and positioning it as the second fastest-growing locality in the country, trailing only Bac Giang province.
Under current regulations, products in the One Commune – One Product (OCOP) programme that are rated three stars or higher must undergo re-evaluation every three months. However, in reality, some of these products fail to consistently meet the required standards, raising concerns about the sustainability of their OCOP certification. This underscores the urgent need for producers to enhance product quality and gradually develop their OCOP products into strong, marketable brands.
