(HBO) – Hoa Binh province has taken drastic, strong solutions to push ahead with the disbursement of public investment, and speed up the implementation of important projects, especially those on infrastructure.
The road linking National Highway 6 with
Chi Lang Road in Hoa Binh city opens up new urban development space and helps
to spur local socio-economic development.
The investment capital sourced from the State
budget and assigned by the Prime Minister to Hoa Binh this year stands at 4.48
trillion VND (190.17 million USD). Meanwhile, the amount approved by the
provincial People’s Council is 5.24 trillion VND, which has been allocated to
projects.
As of October 31, 2022, some 2.25 trillion VND
in public investment had been disbursed, completing 51% of the target set by
the PM.
Apart from effectively using the State budget,
the province has mobilised capital sources for key infrastructure projects,
with priorities given to major areas, inte-regional transport infrastructure,
rural transport, infrastructure at industrial parks and clusters, urban areas
and tourist destinations.
Under the strategy on the development of
industrial parks and clusters in Hoa Binh province for 2021-2030 with a vision
towards 2050, the locality will have eight industrial parks with a total area
of over 1,507 hectares.
There will be four new industrial parks in Cao
Phong, Yen Thuy, Lac Son and Da Bac districts, covering 1,493 hectares, raising
the total number to 12 with a combined area of around 3,000 hectares.
Since the beginning of this year, Hoa Binh has
counted 722 valid projects that do not use the State budget, of which 37 are
foreign-invested worth 608 million USD, and 685 are invested by domestic firms
with 180.58 trillion 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.
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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