(HBO) - Hoa Binh province’s plan of investment from the State budget is 4.56 trillion VND, of which the amount of assigned public investment is 3.948 trillion VND and the capital allocated to each project, 3.831 trillion VND.
The investment from
the provincial budget is 1.998 trillion VND, the targeted capital from the
central budget 461.7 billon VND, the official development assistance (ODA) 734.5
billion VND, the capital from the national target programme 754.1 billion VND,
the reserve capital from the medium-term public investment plan for 2016-2020
and the 10 trillion VND investment for key national projects 100 billion VND.
Meanwhile, the capital without detail allocation is 116.8 billion VND.
Contractors are speeding up
construction on Hoa Binh 2 Bridge (Hoa Binh city) – a priority project.
By the end of June,
public investment disbursement was estimated at 1.161 trillion VND, equal to 40
percent of the capital plan assigned by the Prime Minister. Of the total, 1.028
trillion VND from the provincial budget was disbursed, equal to 48 percent of
the plan assigned by the Government leader, and 558.7 billion VND from the
central budget, equivalent to 30 percent./.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
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.
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