(HBO) – In order to promote industrial growth, the Party Committee and People’s Committee of Hoa Binh has focused on directing the development of industrial parks (IP) and industrial clusters to provide ground for investors, contributing to improving production capacity and speed up socio-economic expansion of the locality.
Bui Van Khanh, Deputy
Secretary of the provincial Party Committee and Chairman of the provincial
People’s Committee, as well as leaders of some departments and agencies visit
the production model of Hai Hien wood and bamboo company in Mong Hoa IP in Hoa
Binh city.
Hoa Binh is home to eight IPs that have been approved by the
PM and provincial People’s Committee, with a total area of over 1,500 hectares.
The province has completed the planning of 20 industrial clusters with total
areas of more than 800 hectares.
In the 2016-2020 period, the province completed a number of
necessary works in five IPs of Da River’s left bank, Yen Quang, Mong Hoa IPs in
Hoa Binh city, and Luong Son and Lac Thinh IPs in Yen Thuy district.
As of the end of 2020, local IPs had lured 99 projects,
including 26 foreign-invested projects worth 518 million USD. Of the total, 60
projects have been put in operation, creating jobs for about 20,000 labourers.
According to the provincial Department of Industry and
Trade, 15 out of 20 industrial clusters have been approved with total area of
about 626 hectares. The province has approved the spending of over 4.1 trillion
VND on investment for the construction of the industrial clusters’ technical infrastructure. Quach Tat Liem, Vice Chairman of the provincial People’s
Committee asked localities to review IP and industrial cluster’s planning, thus
dealing with projects that are lagged behind the schedule.
The Management Board of provincial IPs proposed that
departments, sectors and the People’s Committees of districts and city to
continue creating favourable conditions for the investment of infrastructure
system for industrial development, while coordinating with investors of IP’s
infrastructure projects to conduct ground clearance in an effective manner.
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.