As of October 31, total capital disbursed in Hoa Binh reached over 1.65 trillion VND (around 68 million USD), equivalent to 16% of the plan assigned by the Prime Minister. The figure is estimated to reach only 34% of the plan in 2023.
On the construction site of a road project connecting Tran Hung Dao street to Dan Chu ward in Hoa Binh city. The disbursement of public investment capital for the project is expected to be implemented on schedule.
Speeding up the disbursement of public investment, especially capital from the State budget, is important for promoting economic growth of the country in general, and Hoa Binh province in particular.
Public investment will create a solid momentum for socio-economic recovery and development after the severe and unprecedented impacts caused by the COVID-19 pandemic.
The provincial Party Committee, People's Council, and People's Committee have paid attention to directing the implementation of tasks and solutions to accelerate the disbursement of public investment in 2023.
The Chairman of the provincial People's Committee periodically holds meetings with representatives of relevant departments, sectors and localities to promptly remove difficulties and obstacles related to
investment preparation and land clearance.
However, the disbursement rate in the locality remains low, especially for the socio-economic recovery and development programme, as well as three national target programmes and official development assistance projects.
The low rate of public investment disbursement is one of the reasons behind the slowdown of GRDP growth in the locality in 2023.
The disbursement of public investment is considered a lever to promote economic growth in 2023 and the following years. The work requires a drastic action, responsibility, and close coordination among all sectors and localities, focusing on closely monitoring he implementation of each project, prioritising capital allocation for projects with rapid disbursement speed, and accelerating the progress of projects, and timely solving problems in the clearance work, and speeding up the administrative reform.
After the Lunar New Year (Tet) holidays, trade union members and workers in Hoa Binh province returned to work with an excited spirit at the beginning of the new spring. Throughout the workshops, factories and enterprises, they were full of enthusiasm, immediately getting to work, striving to excellently complete tasks and production and business targets.
Red grapefruit is a native crop of Tan Lac district, where the fertile soil and favourable climate create ideal conditions for its growth. With over 80% of the area being mountainous, at an altitude of 300-400 metres above sea level, red grapefruits here thrive on well-drained, fertile hillside soil. The region’s large temperature variation between day and night enhances the fruit's nutrient absorption. The local cultivation techniques also contribute to its uniqueness
The provincial business association recently convened a conference to review its 2024 operations and outline plans for 2025. The meeting was attended by Standing Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Bui Duc Hinh along with leaders from various departments and agencies.
Hoa Binh province is prioritising rural transportation infrastructure to improve mobility, facilitate trade, and boost socio-economic development.
The Minister of Agriculture and Rural Development has just issued Decision No. 377/QD-BNN-VPĐP approving the results of the evaluation and classification of the products of the National One Commune One Product Program in 2024 (phase 3).
As the Lunar New Year (Tet) approaches, the market becomes more vibrant than ever. In Hoa Binh province, preparations for Tet have been bustling since the 20th of the last lunar month, with an abundant supply of goods to meet the growing consumer demand.
