(HB0) – Hoa Binh province gave the green light to investment plans for two domestic investment projects with a total registered capital of 200 billion VND in May, according to the report of the provincial People's Committee on the socio-economic situation in May and the first five months of 2020.
In the first five months of this year, the
province approved investment plans for 17 projects, including 16 domestic
investment projects with a combined registered capital of over 3,9 trillion VND
and one direct foreign investment (FDI) project worth 0.4 million USD.
GGS Vietnam Co., Ltd., located in the
Da River Left BankIP (Hoa Binh city,) has created jobs for more than
1,000 local laborers.
The whole province now has a total of 582
investment projects, including 40 FDI projects with a total registered capital
of 573.6 million USD and 542 domestic investment projects, capitalized at 84.5
trillion VND.
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.
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