Hoa Binh city strives to disburse public investment capital

10/6/2021 - 9:13:21 PM

(HBO) – At present, the People’s Committee of Hoa Binh City is managing and carrying out 101 projects funded by public investment capital. After adjustment and reduction, total capital allocated to those projects amounts to over 587.7 billion VND this year. Of which, 318.7 billion VND is from official development assistance and over 47.6 billion VND from the State budget. As of September 7, over 91.6 billion VND was disbursed, or 15.6 percent of the assigned plan.

As directed by the Prime Minister and Chairman of the provincial People’s Committee, disbursement of public investment capital must reach at least 60 percent of the assigned yearly target by September 30. Therefore, it is hard for the city to meet the requirements.

Thanks to investment capital, the National Highway 70B via Yen Mong commune, Hoa Binh city is being upgraded.

Specifically, there are two ODA-funded projects in the city. As of September 7, only 16.66 billion VND was disbursed, or 5.22 percent. Seven other projects are funded by the central State budget and three used local budget, with a total 28 billion VND allocated under the 2021 capital plan, but only 5.08 billion VND has been disbursed so far. Ten projects use additional capital from the district budget.

According to the municipal People’s Committee, capital disbursement is slow and delayed in several projects due to difficulties in compensation and site clearance. The municipal authorities are directing investors to take next steps to ensure the progress of disbursement as committed after completing procedures for project adjustment.

Regarding the northern mountainous urban area development programme, the municipal authorities issued Document No.2482/UBND-ODA in July asking to receive ODA capital for the first time in 2021. At a recent meeting with the provincial authorities, Chairman of the municipal People’s Committee Bui Quang Diep said the city has promptly completed necessary procedures required by the provincial People’s Committee and the Ministry of Construction. After the ministries of construction, finance, planning and investment allow the city to receive the capital, the municipal authorities will pay back the 100 billion VND advance to the provincial budget and pay over 50 billion VND for completed work by contractors.

So far, the relevant ministries have allowed the first capital withdrawal under the northern mountainous urban area development programme. Therefore, the city could disburse about 150 billion VND, thus meeting the requirement of disbursing at least 60 percent of the assigned plan by September 30./.

Starting business from hometown specialty

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.

Huge potential to boost chilli export to RoK

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.

Hoa Binh improves effectiveness of collective economy

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.

PM attends groundbreaking ceremony for electronic PCB factory in Hoa Binh

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, the total capital of the credit institutions was estimated at 40,128 billion VND

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.

Lac Son - attractive destination for investors

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.