Hoa Binh strives to create momentum for rural industrial production facilities

1/29/2021 - 4:52:31 PM

(HBO) - In 2020, industrial extension activities have helped Hoa Binh province’s rural industrial production facilities stabilise, expand and bolster operations, foster the industrial sector, economic restructuring and job creation, thereby raising income for local workhands.

A project to facilitate the application of modern machine and equipment in garment-textile has helped An Phuc Garment Export JSC (Hang Tram township, Yen Thuy district) stabilise production.

In 2020, industrial extension activities have helped Hoa Binh province’s rural industrial production facilities stabilise, expand and bolster operations, foster the industrial sector, economic restructuring and job creation, thereby raising income for local workhands.

The centre for industrial extension and industrial development consultation has introduced projects with bailout worth more than 3.86 billion VND (167,430 USD) in the year.

It has also carried out promotion projects with 3.3 trillion VND sourced from the national industrial extension budget and 149.87 million VND from local reciprocal capital. They included those bolstering the application of modern machine in garment-textile, agro-forestry product processing and unbaked brick production, among others.

The centre has launched a project on the application of modern machine in farm produce processing for VIBA Agricultural Company and Lac Thuy Foodstuff Company.

To discover and honour quality products that are able to meet demand of customers at home and abroad, the province last year carried out a project to select its typical rural industrial products in 2020.

Fifteen industrial production establishments in rural areas with 27 products registered to participate. Last October, the provincial People’s Committee recognised 15 products as outstanding provincial-level rural industrial products in the year.

The extension projects have proved effective in encouraging industrial establishments in rural areas to proactively apply advanced equipment in production and improve technology, in an effort to raise quality, value and competitiveness of products, along with expanding markets for those facilities./.

In the first quarter, the total capital of the credit institutions was estimated at 40,128 billion 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.

Lac Son - attractive destination for investors

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.

Hoa Binh accelerating disbursement of ODA, foreign concessional loans

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.

The man who promotes Kim Boi district’s fruit brand

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.

Q1 disbursement of public investment funds reach 15% of yearly plan

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 works hard to boost farm exports

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.