(HBO) - The COVID-19 pandemic and long-lasting water shortage at reservoirs are hampering Hoa Binh province’s State budget collection.
Over the past years, Son Thuy joint Stock Company in
Hoa Binh city’s Mong Hoa commune has stood out in production-business and State
budget collection.
In July, State budget collection is
estimated at 465.1 billion VND, equal to just 9 percent of the target signed by
the provincial People’s Council. It is estimated to reach 1.87 trillion VND in
the first seven months of 2020, of which domestic collection reached 1.738
trillion VND, equivalent to 41 percent of estimates assigned by the Prime
Minister and 36 percent of the target set in the provincial People’s Council
resolution.
Collection from import-export activities is
estimated at 135.5 billion USD, equal to 75 percent of estimates assigned by
the Prime Minister and 62 percent of the target set in the provincial People’s
Council resolution.
In addition, local budget collection is
estimated at 8 trillion VND during January-July, equal to 75 percent of
estimates assigned by the Prime Minister and 62 percent of the target set in
the provincial People’s Council resolution./.
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.
