Hoa Binh development fund established

7/20/2017 - 2:08:53 PM

(HBO)- The Hoa Binh provincial People’s Committee announced its decision to set up a provincial development fund on July 18. Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Nguyen Van Quang chaired the announcement conference. The event was attended by Vice Chairman of the local People’s Committee Bui Van Khanh and representatives from relevant departments, branches and agencies.

Under the decision, Vice Chairman Bui Van Khanh was elected as chairman of the fund management council, Vice Director of the Lien Viet Post joint Stock Commercial Bank’s Hoa Binh branch Pham Van Giau as director of the fund for five years. The development fund, a state financial organisation in the locality, has legal status and is allowed to open an account at the State Treasury and other legal commercial banks. Managed by the provincial People’s Committee, the fund will be used in financial investment and development investment.

Photo: Chairman of the provincial People’s Committee Nguyen Van Quang presents the decision on the fund establishment to Vice Chairman Bui Van Khanh, chairman of the fund management council.

The fund’s organisation includes a management council and a supervisory board, running as a non-profit bank for social policies on the basis of financial independence. With an initial chartered capital of 100 billion VND (4.4 million USD), the fund is responsible for mobilising medium and long-term capital from both domestic and foreign organisations and individuals in line with legal regulations. It can make direct investments in projects and financial contributions, entrust investment, distribute investment capital, issue local bonds to mobilise resource for local budget and organise activities of credit guarantee funds, among others.

Photo: Chairman of the provincial People’s Committee Nguyen Van Quang presents the decision on the appointment of Pham Van Giau, Vice Director of the Lien Viet Post joint Stock Commercial Bank’s, as director of the fund.

Speaking at the event, Chairman Nguyen Van Quang asked the fund to fulfill its functions of managing, mobilising and using the capital in an effective way to support local infrastructure development, attract investment and address difficulties in investment in environment protection.

On behalf of the fund management council, Vice Chairman Bui Van Khanh promised to run the fund smoothly in accordance with current regulations and make good use of the capital, serving the province’s socio-economic development./.

Le Chung

Yen Tri commune plans to turn medicinal herbs into OCOP products

Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.

Hoa Binh promotes overseas, domestic employment opportunities

Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.

Department of Home Affairs, Hoa Binh city top PAR, SIPAS indices

The Hoa Binh provincial People's Committee has issued Decision No. 2767/QD-UBND announcing the rankings of departments, agencies, districts and Hoa Binh city in the Public Administration Reform Index (PAR) and the Satisfaction Index of Public Administration Services (SIPAS) in 2024.

Mai Chau district expands farming of Dam Xanh fish

The cultivation of Dam Xanh fish (Bangana lemassoni), a unique fish species, has seen remarkable growth in Mai Chau district, thanks to its high economic value and effectiveness. Initially concentrated in Van Mai commune, farming has now extended to four other communes, namely Mai Hich, Mai Ha, Chieng Chau, and Son Thuy. These areas benefit from pristine underground water flowing from mountain crevices, providing ideal conditions for raising this specialty fish.

Hoa Binh province: The total state budget revenue in 2024 is estimated at approximately VND 6,930 billion

In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.

Hoa Binh province - prosperity attracting investment

In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.