(HBO) - Hoa Binh province views investment capital as the key to completing local socio-economic infrastructure. Therefore, aside from effectively using the capital sourced from the state budget, it has mobilised funding from businesses, people, as well as domestic and foreign organisations.

The total investment capital raised from society over the last five years is estimated at 80.2 trillion VND (3.4 billion USD), including 10.73 trillion VND of public investment capital spent on developing transport facilities, industrial parks, urban infrastructure, power supply, water supply and drainage, education, health care, tourism, and production and business development.

Under the motto of "transport must be developed first to pave the way”, between 2016 and 2020, many key transport lines have been built and upgraded, thus creating an important driving force for local socio-economic development and attracting investment to the province. Prominent among them are Hoa Lac – Hoa Binh Road, the Xuan Mai – Hoa Binh section of National Highway 6, the first 23km of Provincial Road 433, Provincial Road 435, the inter-district road in mountainous Lac Son and Tan Lac districts, Hoa Binh 3 Bridge, Hoa Binh 2 Bridge, and Trang Bridge. The province is also speeding up investment in the road linking National Highway 6 with Chi Lang Road, and Hoa Binh – Moc Chau Expressway under the public-private partnership format.

So far, Hoa Binh province has had 10,446km of roads, a majority of which have been asphalted or concretised, increasing by about 1,442km from 2015. Apart from national highways and provincial and district roads, 78 percent of communal roads in the province have been concretised or asphalted, the rate of such roads in urban areas is 91 percent, specialised roads 76 percent, and inter-hamlet roads 61 percent.

Over the last five years, nearly 400 irrigation works have been upgraded, and more than 250km of canals reinforced as a result of the greater attention paid to improving essential infrastructure facilities in rural and disadvantaged areas. Aside from calling for investment to water supply facilities, information technology, urban areas, and healthcare and educational establishments, Hoa Binh has also carried out many power supply infrastructure projects to serve people’s daily life and production demand.

Across the province, 19 traditional markets, one trade centre and one supermarket have been built and upgraded, and seven traditional markets renovated, bringing the total number of traditional market to 93, supermarkets to five and trade centres to three. The development of trade infrastructure has not only helped improve local living standards, meet people’s consumption and trading demand, but also encouraged residents, especially in rural areas, to boost mass production./.