(HBO) - Being considered as the gateway of Hoa Binh City and located in the provincial important area of the economic dynamics, Ky Son district has many potentials and advantages to attract investment and economic development.
Son Thuy joint Stock Company, Dan Hoa Commune (Ky Son) is one of the enterprises that makes a great contribution to the budget of Ky Son district.
In order to create a favorable legal corridor and the environment for the investment and business, the People's Committee of the district issued a document to implement the Law on Investment and the decisions and the plans to attract investment of the provincial People's Committee. In addition, the People's Committee has advised the Party Committee to issue the Resolution No. 13 on promoting the investment attraction, infrastructure construction and urban development in Ky Son district; the People's Committee's Plan No. 106 on improving the business environment and improving the competitiveness. In particular, the People's Committee of the district has also decided to establish a working group to support and solve the investment attraction and the site clearance of the projects attracting investment in the district.
With the close direction of the different levels of the Party committee, the government has actively contributed to improving the investment and business environment, creating favorable conditions for the economic sectors to invest in the locality.
The district has organized a lot of meetings, working with the enterprises, promoting the image and the advantages of the district at the same time. Up till now, the district has been attracting 115 investment projects, focusing on the fields of industry, tourism, trade - service, petroleum trading, production and trading of the construction materials, environment and fisheries with a total registered investment capital of over 54,882 billion VND. The number and the scale of the project have increased gradually over the time and periods.
The projects are the driving forces of GDP growth, contributing to economic restructuring towards the industrialization and the modernization. A lot of projects have been in operation, significantly contributing to the district’s budget. Initially, the district has attracted high-tech projects in agriculture such as the conservation and development projects of high quality medicinal materials and High-tech agricultural project in Bai Noi village, Hop Thanh commune.
In the coming time, the district will continue the promotion, the construction and the development of high quality information and website packages for investors to provide a full and transparent system of policies and legal laws relating to the investment activities.
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.