(HBO) - According to reports from the provincial People’s Committee, Hoa Binh’s plan for investment capital sourced by the State budget in 2019 is worth over 2.47 trillion VND. Of the sum, 2.445 trillion VND has been allocated to specific projects.
Only
24.98 billion VND, which belongs to the National Target Programme on
sustainable poverty reduction, has not been allocated to any projects.
Thanks to
the public investment capital resources,construction work has been accelerated on Road No. 435 from Hoa Binh
City to Ngoi Hoa commune
of Tan Lac.
By August 20, the province
disbursed 819.6 billion VND in public investment, equal to 33 percent of the
set plan.
Of the disbursed capital, 574.4
billion VND was from the province’s budget, or 40 percent of the year’s plan, and
169.2 billion VND was from the State budget’s allocation for targeted support.
However, the disbursement of foreign official development assistance (ODA)
reached 22.9 billion VND, or 7 percent of plans, and the rate of disbursement
in capital allocation for the National Target Programme on new rural
development was only 13 percent, equivalent to 53 billion VND.
Meanwhile, no capital for the
National Target Programme on sustainable poverty reduction has been disbursed.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.
Hoa Binh province has mobilised all resources to propel local agricultural products to make inroads into foreign markets, towards lifting the export turnover of key agricultural products to 137.8 million USD by 2030, accounting for 3.4% of the locality’s total export value of goods.
The locality aims to export farm produce to the US, the European Union, the UK, China, Japan, and the Republic of Korea.
.jpg)
.jpg)
