(HBO) – The index of industrial production in Hoa Binh province grew by around 9.5 percent in the first quarter compared to the same period last year, according to the provincial People’s Committee.
The industrial production value during the
period was estimated at more than 9.7 trillion VND (421.1 million USD), up 16
percent year on year.
In particular, the processing and manufacturing industry has
gradually recovered. The production of its beer and beverages, which are among
the industry’s key products, increased by some 6.49 percent, steel and metal
products up 10.64 percent, and cement rose 3.82 percent.
Thanks to new machinery and equipment, the An Phuc
Export Garment Company, based in Hang Tram town of Yen Thuy district, has
improved its productivity and provided stable jobs for local workers.
In terms of electricity generation and
distribution, the three-month power output surpassed 1.83 billion kWh,
equivalent to nearly 19 percent of this year’s target and up 66.3 percent year
on year. Meanwhile, the commercial electricity output was about 265.61 million
kWh, equivalent to 25.25 percent of the annual target and up 23 percent.
Besides, the mining industry maintained stable growth,
with the stone and ore mining output rising 2.8 percent and 0.68 percent from a
year earlier, respectively./.
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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