The leaders from the Provincial People's Committee worked with the delegation of European Union in Vietnam

5/28/2023 - 2:39:29 PM

(HBO) - On May 26, Mr. Quach Tat Liem, the Vice Chairman of the Provincial People's Committee and the leaders from a number of departments and branches worked with the delegation of European Union in Vietnam, led by Mr. Mario Ronconi, the Director General in charge of South Asia - Southeast Asia at the Asia - Pacific - Middle East Department under the General Department of International Partnership as the head of the delegation, to introduce and discuss the potentials and strengths of the locality as well as the cooperation opportunities between Hoa Binh and European Union.

The leaders from the province and the appropriaet departments are taking photos with the Delegation of the European Union in Vietnam.

The Vice Chairman of the Provincial People's Committee quickly gave the information on the province's geographical location, traffic, potential, advantages, and socio-economic situation. In which, it is emphasized that Hoa Binh has important national highways running through, especially Hoa Lac - Hoa Binh highway is about to be expanded with 6-8 lanes, and when it is completed, it will shorten the time from Hoa Binh city to Hanoi. Currently, the province has strongly developed a number of advantageous economic fields such as agriculture, forestry, fisheries, and industrial development.

In addition, Hoa Binh has an abundant labor force and many policies and needs to attract the direct foreign investment, the official development assistance, ODA, and the non-governmental foreign aid. Currently, in the province, there have been a number of projects funded by the European Union, which have achieved certain results such as the support project for 3T cooperative of Eco Fair; the project supporting the ethnic minority youth; the sub-project for the rural electricity supply from the national grid; the project for expanding Hoa Binh Hydropower Plant phase 2…

The Vice Chairman of the Provincial People's Committee wished that Mr. Mario Ronconi would be an active bridge to promote the cooperation relations between Hoa Binh and the European Union; researching, supporting and creating the favorable conditions for the agricultural products of the province to enter the European markets. At the same time, he wiched that the province would be supported in the fields of agriculture, industry, commerce, natural resources and environment, climate change adaptation, science and technology transfer, especially the green technology and clean industry.

At the meeting, Mr. Mario Ronconi thanked the respectful reception of the provincial leaders and expressed his impression of Hoa Binh's achievements in recent years, as well as he highly appreciated the cooperation between the two sides and the role of the local authorities in supporting the delegation to implement the programs and projects in the province. The visit and work helped promoting the solutions to further support the province in realizing its socio-economic development strategy in the coming time.

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.

Hoa Binh accelerating disbursement of ODA, foreign concessional loans

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.

The man who promotes Kim Boi district’s fruit brand

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.

Q1 disbursement of public investment funds reach 15% of yearly plan

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 works hard to boost farm exports

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.