(HBO) – Not only located next to Hanoi capital city and acting as a gateway to the northwestern region, Hoa Binh province also boasts huge potential for developing tourism, agriculture, and industry amid a quick shift in the investment flow from other localities. Therefore, it now holds considerable opportunities to welcome a new wave of investment and become a development centre in the region.
Luong Son district is currently home to 48 investment
projects in its industrial parks, which has created momentum for local
socio-economic development. The photo is taken at the Midori Apparel Vietnam
Hoa Binh Co. Ltd in Luong Son Industrial Park.
Investment poured into the province has been on
the rise in recent years. A large number of domestic and foreign investors,
including major ones, have chosen Hoa Binh as their destination.
Data from the provincial People’s Committee show
that Hoa Binh accommodated 629 valid investment projects funded with non-State
budget capital as of mid-June 2021. They include 40 FDI projects worth over
619.36 million USD and 589 domestic ones worth almost 92.22 trillion VND (4
billion USD).
To attract investment and support major projects
to soon become operational, the provincial Party Committee and People’s
Committee have organised many meetings and dialogues with enterprises and
investors to learn about their situation and direct relevant departments and
localities to tackle obstacles facing their operations.
The administration of Hoa Binh also issued a set
of criteria for selecting investors in projects that use land. These criteria
prioritise investors with sufficient financial strength, experience, and fast
project implementation.
Aside from rolling out the "red carpet” for
investors, the provincial People’s Committee has also ordered thorough
settlement of projects lagging behind schedule, using land ineffectively, or
violating other legal regulations on investment and land.
Competent agencies have considered support for
the projects that failed to meet schedule due to objective reasons such as site
clearance problems and impacts by the COVID-19 pandemic. They were asked to
only consider and approve the project adjustments proposed by investors who
have realised their commitments and met all the regulated standards./.
In Lac Thuy district, communes have been succeeded in promoting their One Commune-One Product (OCOP) products while others are still struggling to position their typical farming products in market. Some communes in the district still fail to have their products met OCOP programme’s requirements, while others have seen their certifications expired.
The inspectorate agency of Hoa Binh province has issued Official Dispatch No. 1090/TTr-PCTN to provincial departments, agencies, localities, business associations, enterprises, and investors regarding measures to improve informal component indexes of the Provincial Competitiveness Index (PCI).
Hoa Binh is taking concrete steps to improve its investment environment, with a strong focus on supporting businesses, settling obstacles for strategic investors, and creating opportunities for robust development in the coming years.
Under the blazing early summer sun, the construction site of Nhuan Trach Industrial Park (IP) in Luong Son district is abuzz with activities from dawn to dusk, a testament to the determination of the investor to meet their construction targets on schedule.
