The event was attended by senior officials of ministries, central agencies and other provinces in the region. Leaders of the host present at the event included Party Central Committee member and Secretary of the provincial Party Committee Bui Van Tinh; Standing Vice Secretary of the provincial Party Committee and Chairman of the provincial People’s Council Tran Dang Ninh; and Vice Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Nguyen Van Quang.

Photo: Prime Minister Nguyen Xuan Phuc and investors.

The provincial People’s Committee took the occasion to present an overview of investment attraction work and socio-economic development in the province over the past 15 years.

The committee presented decisions approving investment intention to nine investors who will invest in nine projects, and signed MoUs with 15 investors who plans to invest in 19 projects in Hoa Binh, with total investment amounting to 94 trillion VND.

Noteworthy investment projects include a 5.7 trillion VND project to supply water for the Son Tay-Hoa Lac-Mieu Mon-Hanoi urban areas (second phase) by the Song Da Water Supply JSC; a chip manufacturing plant by Meiko Electronics worth 4.6 trillion VND; and the Xuan Mai water supply project by Aqua One JSC with total investment of more than 3 trillion VND. The Dai Viet tourism JSC will pour more than 625 billion VND to build the Thien Cung Dai Viet eco-cultural tourism complex, and the Hoang Son energy-construction-trade JSC will invest 475 billion VND into the Ngoi Hoa eco-tourism site.

Addressing the conference, PM Nguyen Xuan Phuc acknowledged the efforts made by the Party organisation, administration and people of Hoa Binh to fulfil socio-economic targets of 2018. He noted the success of the investment promotion event, which drew 94 trillion VND, equivalent to over 4 billion USD, invested by many big domestic and foreign investors.

The PM stressed that Hoa Binh is facing opportunities for breakthrough development, especially with the completion of the Hoa Lac-Hoa Binh road. As one of the 10 localities in the capital region, Hoa Binh boasts many advantages in terms of natural landscape and rich cultural heritage, he said, noting that the province has good opportunities, favourable location and rich human resources.

PM Phuc suggested that Hoa Binh and investors in the province should develop long-term and synchronous planning for sectors and fields as the foundation for investment attraction and the development of tourism and services. Another direction is to tap the local potential to develop farm and forestry product processing for supply for the Hanoi capital region and for export. The local natural conditions are also suitable for the development of ecological and green urban areas into urban chains which can drive local growth.

The PM also urged the province to accelerate the restructuring of agriculture in the direction of optimising local advantages in water surface and forestry land for aquaculture and forestry development.

He recommended Hoa Binh to promote services to serve both local residents and investors, while focusing on improving the business environment and supporting investors by removing obstacles to investment projects.

Hoa Binh must ensure that economic growth goes in tandem with social equity, and strive for inclusive growth so that every resident benefits from the fruit of development, leaving no one behind, particularly those in the mountainous areas and people of ethnic minority groups, the PM said. He reminded the province to promote linkages with other localities for better tap potential and opportunities.

At the conference, the Hoa Binh People’s Committee presented rewards to 10 investors with great contributions to the province’s socio-economic development. The National Office of Intellectual Property under the Ministry of Science and Technology handed over trademark certificates for Hoa Binh’s Da River shrimp and Hoa Binh’s Da River fish./.

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