(HBO) – Hoa Binh City, Luong Son district and the northern part of Lac Thuy district have been set as urban, industrial and dynamic zone of Hoa Binh province.

The provincial Party Committee and People’s Committee directed effectively performing the Party and State’s policies and guidelines on planning work, improving planning quality and management in line with the law, and completing the provincial planning for the 2021-2030 period with a vision to 2050.

Located in the dynamic zone, Hoa Binh City considered it a favourable condition for development. Over the past years, the city has attached importance to improving the efficiency of using, managing and upholding resources of the economy, especially socio-economic infrastructure.

At present, the dynamic zone is home to almost local industrial parks (IPs) and industrial park clusterswith 7 IPs, or 87.5 percent, and 10 IP clusters, or over 60 percent of the total in the province. Luong Son IP and IP on the left bank of Da River have basically completed technical infrastructure. Four IP clusters have been put into operation. Among 635 valid projects in the province, Hoa Binh City accounted for the most with 203 projects, followed by Luong Son with 198 projects and Lac Thuy 64. As many as 92.5 percent of projects by forest investors are based in the dynamic zone, mostly in the fields of processing, electronic spare parts, construction materials, electricity and water production and distribution. There are service and tourism projects like Phuong Hoang and Hilltop Valley golf courses, Thang Thien waterfall tourism area, resorts and garden houses.

The urbanisation rates of Hoa Binh City, Luong Son district and Lac Thuy district hit nearly 78 percent, 45 percent and 25.45 percent, respectively.

The province estimated that the dynamic zone contributed about 70 percent of the local State budget revenue, over 90 percent of export revenue and 70 percent of economic scale of the province. The zone also recorded the highest income per capita and the lowest rate of poor households. In Hoa Binh City alone, average income per capita reached 75 million VND in 2021 while the rate of poor households was reduced to 0.97 percent./.