(HBO) – Hoa Binh, one of the localities with an average level in the disbursement of public investment capital, is striving to speed up the work towards a target of completing the disbursement of all the allocated capital by January 1, 2023.
Tan Lac district increases collection of land use levy to
provide more capital for public investment projects. (Photo taken at the new
residential area of Man Duc township).
This year, the province is allocated over 3.39 trillion VND (136.28 million
USD) of public investment capital from the State budget, while the capital
approved by the provincial People’s Council for the year is 4.19 trillion VND.
As of March 18, the province had allocated 4.19 trillion VND to particular
projects, equivalent to 124% of the plan assigned by the PM and 100% of the
plan passed by the provincial People’s Council.
As of October 20, 2.21 trillion VND, or 53% of the total capital, had been
disbursed.
Since the beginning of this year, the provincial People’s Committee has rolled
out numerous measures to speed up the disbursement of public investment
capital, including reviewing the progress of solutions to remove difficulties
in the work.
The province has moved 338.9 billion VND from 44 stagnant projects to 21 more
effective ones.
According to Nguyen Van Thang, Director of the provincial Department of
Planning and Investment, the major reason behind the snail's pace in
disbursement of the capital is the slow processing of investment procedures by
a number of investors, the modest feasibility of some projects, and limited
revenue from land use levy.
He said that in the rest of this year, the province will strengthen the role of
the working group in charge of supervising the progress of particular projects,
thus removing obstacles facing them in a timely manner.
At the same time, discipline will be tightened during the implementation of the
projects, along with efforts to improve the effectiveness of preparations for
the implementation of projects and selection of contractors and consultation
agencies.
The province will also focus on speeding up ground clearance, compensation and
resettlement support, increasing State budget collection, enhancing the quality
of land management, and strengthening inspection to detect and handle
wrongdoings in the implementation of public capital disbursement plan.
Thang added that the provincial People’s Committee has proposed the Government
to make detailed allocation plan of the State budget capital for the
social-economic recovery and development programme, while considering the
application of special policies for the province to suit the local situation
and capacity./.
Huong Lan
Hoa Binh province’s economy posted an impressive Gross Regional Domestic Product (GRDP) growth rate of 12.67% in the first quarter of 2025, representing a 12.76% year-on-year increase, the highest rate recorded since the beginning of the current tenure, according to the provincial Statistics Office. This robust growth reflects years of strategic groundwork and sets a strong foundation for the province’s annual growth target of over 10%.
With a focus on cash crop farming with science - technology application and brand building, Lac Thuy district is gradually increasing production value, improving people's life quality, and laying the foundation for sustainable socio-economic development.
In recent years, the economic development model "Hoa Binh Earthworm Farm” run by Mr. Bui Van Dang in Co Giua Hamlet, My Thanh Commune (Lac Son district) has not only brought stable economic value but it is also environmentally friendly, helping to protect and reduce pollution, contributing to the construction of a green and sustainable agriculture.
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
