(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.
Appreciating the abundant potential and strengths of his hometown for tourism development, Ha Cong Hung, Deputy Secretary of the youth union of Mai Chau district’s Mai Hich commune, embarked on producing smoked meat with a desire to introduce his homeland's specialty to domestic and international tourists.
Hoa Binh farmers are investing big in their chilli pepper cultivation areas after the first batch of 7.5 tonnes of pickled chilli peppers was shipped to the Republic of Korea (RoK) by Tien Ngan Trade and Investment Co., Ltd last month.
Recognising the role and importance of developing the collective economy, the northern province of Hoa Binh has promptly issued support policies to propel the development of the economy, making important contributions to local socio-economic development.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
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.
