(HBO) - According to a socio-economic development report by the Hoa Binh provincial People's Committee, the province earned over 65.7 million USD from export in January, up 5.56 percent from December 2019 and 21.21 percent annually. Of the figure, more than 62 million USD was goods export, up 5.89 percent month-on-month and 22.06 percent year-on-year. Services export was estimated at 3.63 million USD, up 0.14 percent monthly and 8.36 percent annually.
Vincom supermarket in Dong Tien ward, Hoa Binh city supplies
a variety of goods to meet consumers’ demand.
Meanwhile, the province’s import value reached 53.1 million
USD, up 0.53 percent monthly and 16.93 percent annually.
Also in January, the total retail of goods and services hit
3.14 trillion VND, up 18.3 percent as compared to the previous month. The
consumer price index went up 1.02 percent from December 2019./.
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.
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.
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