(HBO) – The COVID-19 pandemic has been put under control in Vietnam and countries have gradually reopened their economies. Therefore, export-import activities have recovered.
Son Thuy JSC in Mong Hoa
commune (Hoa Binh city), specilising in woodwork production for export to China,
has contributed to raising Hoa Binh province’s export value.
The
provincial People’s Committee reported that Hoa Binh’s export revenue was
estimated at nearly 48.5 million USD in May, up 32.5 percent from the previous
month.
In
the first five months of this year, the figure stood at some 225 million USD, a
year-on-year decrease of 26.27 percent, fulfilling 21.79 percent of the yearly
target.
Goods
export revenue was close to 46 million USD last month, up 32.94 percent against
April, and 211.1 million USD in the January-May period.
Meanwhile,
the service sector pocketed 2.5 million USD in May, a month-on-month increase
of 25 percent, and 13.8 million USD in the five months.
Hoa
Binh’s import value was estimated at 44.5 million USD in May, up 34.85 percent
month-on-month. However, the figure dropped by 15.92 percent to only 198.1
million USD in the five months, completing 22.65 percent of the yearly
target./.
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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