Prime Minister Nguyen Xuan Phuc has signed a decision to allocate almost VND1.3 trillion of the investment plan of the Central budget in 2017 (the third phase), including the recovery of capital from advance funds, for ministries and sectors.
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Illustrative image (Photo: VNA)
The
ministries and sectors include the Ministry of Agriculture and Rural
Development; the Ministry of Natural Resources and Environment; the Vietnam
General Confederation of Labour; and 22 provinces and centrally-run cities.
The Prime
Minister has assigned the Minister of Planning and Investment to provide the
relevant ministries, branches, provinces and cities with a detailed list and
budget level of the central budget plan in 2017, allocated to each project by
their sector, area, and programme.
In
accordance with the investment plan of the Central budget in 2017, the
relevant ministries, branches and localities will inform the grassroots units
of the list and capital of each project (including the recovery of advance
capital) and submit them to the Ministry of Planning and Investment and the
Ministry of Finance no later than September 15.
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Source: NDO
Along with cultivation following good agricultural practices, the 3T Cao Phong Agricultural Cooperative (3T Farm), located in Cao Phong town, Cao Phong district, focuses on researching and applying scientific techniques to produce processed products from fresh oranges. This not only helps diversify products but also promotes sustainable consumption while maximising the value of the fresh oranges grown in Cao Phong.
The Xuan Son Cement Plant project, with a total investment exceeding five trillion VND (more than 196 million USD), is under development on a 40-hectare site in Ngoc Luong commune, Yen Thuy district. As one of 14 key projects in Hoa Binh province, the plant is expected to create a breakthrough in the local economy.
The tax sector of Hoa Binh province has proactively implemented key tasks and solutions since early 2025 to complete the state budget revenue target of 5.8 trillion VND (227.71 million USD) assigned by the Government and the Ministry of Finance; and 6.8 trillion VND set by the provincial Party Committee, People's Council, and People's Committee. Land-related revenue remains a crucial source in the locality’s state budget plan in 2025.
With its vast forest land, Da Bac district has focused on reforestation and developing forest economy over the past few years to improve livelihoods and increase income for local residents.
In 2025, Hoa Binh’s banking sector will focus on providing capital to drive production and business activities. Credit institutions in the province are committed to meeting the loan demands of businesses and individuals, fostering economic growth.
According to the Tan Lac District’s Branch of the Vietnam Bank for Social Policies (VBSP), in January 2025, the bank disbursed nearly 18 billion VND to more than 300 poor households and policy beneficiaries. Notably, the employment solution loan program had the highest disbursement, with over 5.1 billion VND, helping 81 employees access the capital to create jobs and develop their economies.
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