(HBO) – State budget collection of Hoa Binh hit 1.03 trillion VND (44.11 million USD) in the first four months of 2020, according to the provincial People’s Committee.
Of the figure, domestic tax was 954.03 billion VND,
equivalent to 22 percent and 20 percent of the amount assigned by the Prime
Minister and the provincial People’s Council, respectively.
Some 261.2 billion VND were collected in April alone, or 5
percent of the target that set in the resolution of the provincial People’s
Council.
Besides, local budget collection is estimated to reach 4.33
trillion VND by the end of April, equal to 42 percent of the amount assigned by
the Prime Minister and 41 percent in the Resolution.
Of the total, the revenue it gets under regulations stood at
767.7 billion VND, the additionally balanced revenue from the central budget
was 3.13 trillion VND and the targeted additional revenue from the central
budget was 1.19 trillion VND./.
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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