(HBO) – Hoa Binh, one of the localities with an average level in the disbursement of public investment capital, is striving to speed up the work towards a target of completing the disbursement of all the allocated capital by January 1, 2023.
Tan Lac district increases collection of land use levy to
provide more capital for public investment projects. (Photo taken at the new
residential area of Man Duc township).
This year, the province is allocated over 3.39 trillion VND (136.28 million
USD) of public investment capital from the State budget, while the capital
approved by the provincial People’s Council for the year is 4.19 trillion VND.
As of March 18, the province had allocated 4.19 trillion VND to particular
projects, equivalent to 124% of the plan assigned by the PM and 100% of the
plan passed by the provincial People’s Council.
As of October 20, 2.21 trillion VND, or 53% of the total capital, had been
disbursed.
Since the beginning of this year, the provincial People’s Committee has rolled
out numerous measures to speed up the disbursement of public investment
capital, including reviewing the progress of solutions to remove difficulties
in the work.
The province has moved 338.9 billion VND from 44 stagnant projects to 21 more
effective ones.
According to Nguyen Van Thang, Director of the provincial Department of
Planning and Investment, the major reason behind the snail's pace in
disbursement of the capital is the slow processing of investment procedures by
a number of investors, the modest feasibility of some projects, and limited
revenue from land use levy.
He said that in the rest of this year, the province will strengthen the role of
the working group in charge of supervising the progress of particular projects,
thus removing obstacles facing them in a timely manner.
At the same time, discipline will be tightened during the implementation of the
projects, along with efforts to improve the effectiveness of preparations for
the implementation of projects and selection of contractors and consultation
agencies.
The province will also focus on speeding up ground clearance, compensation and
resettlement support, increasing State budget collection, enhancing the quality
of land management, and strengthening inspection to detect and handle
wrongdoings in the implementation of public capital disbursement plan.
Thang added that the provincial People’s Committee has proposed the Government
to make detailed allocation plan of the State budget capital for the
social-economic recovery and development programme, while considering the
application of special policies for the province to suit the local situation
and capacity./.
Huong Lan
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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