HBO - In 2019, Hoa Binh province is allocated a State budget-sourced investment capital of over 2.47 trillion VND (106.21 million USD).
The province has made detail distributions to each project with
total capital of more than 2.02 trillion VND, which comprised of 1.43 trillion
VND from the provincial budget, 285.97 billion VND from the central budget, and
302.96 billion VND from foreign sources.
The capital that has yet to be distributed and assigned is
443.1 billion VND, including 400.058 billion VND for national target programmes,
6 billion VND for the programme to develop infrastructure for coastal and
border economic zones, industrial parks and industrial clusters, hi-tech parks,
and hi-tech agricultural region, and 37.041 billion VND from foreign
investment.
As of February 20, 2019, Hoa Binh had distributed 285.3
billion VND of public investment, reaching 12 percent of the yearly target.
Appreciating the abundant potential and strengths of his hometown for tourism development, Ha Cong Hung, Deputy Secretary of the youth union of Mai Chau district’s Mai Hich commune, embarked on producing smoked meat with a desire to introduce his homeland's specialty to domestic and international tourists.
Hoa Binh farmers are investing big in their chilli pepper cultivation areas after the first batch of 7.5 tonnes of pickled chilli peppers was shipped to the Republic of Korea (RoK) by Tien Ngan Trade and Investment Co., Ltd last month.
Recognising the role and importance of developing the collective economy, the northern province of Hoa Binh has promptly issued support policies to propel the development of the economy, making important contributions to local socio-economic development.
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.