(HBO) – Hoa Binh has been allocated over 3.39 trillion VND (148.26 million USD) in investment capital from the State budget 2022. The provincial People’s Council approved 4.19 trillion VND worth of public investment, of which 3.82 trillion VND has been allocated to projects.
The last items of the project on upgrading provincial road 432 are being completed. The operational sections have contributed to local socio-economic development.
Of the amount, 1.86 trillion
VND comes from the provincial budget balance, 798.9 billion VND from the extra
amount in local budget collection, 732.5 billion VND from the central budget,
and 422.6 billion VND worth of foreign investment.
The remaining 369.2 billion VND is expected to
be earmarked for projects under the socio-economic development scheme for
residential areas around Da River included in the mid-term investment plan for
2021-2025. Project to improve and upgrade provincial road
435 is being completed the last items by the construction unit. The route put
into operation has promoted socio-economic development of communes in Hoa Binh
lake area.
As of February 28, the province disbursed 518.8
billion VND worth of public investment, completing 15 percent of the target
assigned by the Prime Minister, and 14 percent of the amount already allocated
to projects.
As much as 453.7 billion VND from the provincial
budget balance had been disbursed, fulfilling 24 percent of the amount assigned
by the PM and 17 percent of the capital allocation for projects.
Meanwhile, 57.2 billion VND from domestic
central budget and 7.8 billion VND from foreign sources had been disbursed. /.
In Lac Thuy district, communes have been succeeded in promoting their One Commune-One Product (OCOP) products while others are still struggling to position their typical farming products in market. Some communes in the district still fail to have their products met OCOP programme’s requirements, while others have seen their certifications expired.
The inspectorate agency of Hoa Binh province has issued Official Dispatch No. 1090/TTr-PCTN to provincial departments, agencies, localities, business associations, enterprises, and investors regarding measures to improve informal component indexes of the Provincial Competitiveness Index (PCI).
Hoa Binh is taking concrete steps to improve its investment environment, with a strong focus on supporting businesses, settling obstacles for strategic investors, and creating opportunities for robust development in the coming years.
Under the blazing early summer sun, the construction site of Nhuan Trach Industrial Park (IP) in Luong Son district is abuzz with activities from dawn to dusk, a testament to the determination of the investor to meet their construction targets on schedule.
