(HBO) – Hoa Binh province has taken drastic, strong solutions to push ahead with the disbursement of public investment, and speed up the implementation of important projects, especially those on infrastructure.
The road linking National Highway 6 with
Chi Lang Road in Hoa Binh city opens up new urban development space and helps
to spur local socio-economic development.
The investment capital sourced from the State
budget and assigned by the Prime Minister to Hoa Binh this year stands at 4.48
trillion VND (190.17 million USD). Meanwhile, the amount approved by the
provincial People’s Council is 5.24 trillion VND, which has been allocated to
projects.
As of October 31, 2022, some 2.25 trillion VND
in public investment had been disbursed, completing 51% of the target set by
the PM.
Apart from effectively using the State budget,
the province has mobilised capital sources for key infrastructure projects,
with priorities given to major areas, inte-regional transport infrastructure,
rural transport, infrastructure at industrial parks and clusters, urban areas
and tourist destinations.
Under the strategy on the development of
industrial parks and clusters in Hoa Binh province for 2021-2030 with a vision
towards 2050, the locality will have eight industrial parks with a total area
of over 1,507 hectares.
There will be four new industrial parks in Cao
Phong, Yen Thuy, Lac Son and Da Bac districts, covering 1,493 hectares, raising
the total number to 12 with a combined area of around 3,000 hectares.
Since the beginning of this year, Hoa Binh has
counted 722 valid projects that do not use the State budget, of which 37 are
foreign-invested worth 608 million USD, and 685 are invested by domestic firms
with 180.58 trillion VND./.
Appreciating the abundant potential and strengths of his hometown for tourism development, Ha Cong Hung, Deputy Secretary of the youth union of Mai Chau district’s Mai Hich commune, embarked on producing smoked meat with a desire to introduce his homeland's specialty to domestic and international tourists.
Hoa Binh farmers are investing big in their chilli pepper cultivation areas after the first batch of 7.5 tonnes of pickled chilli peppers was shipped to the Republic of Korea (RoK) by Tien Ngan Trade and Investment Co., Ltd last month.
Recognising the role and importance of developing the collective economy, the northern province of Hoa Binh has promptly issued support policies to propel the development of the economy, making important contributions to local socio-economic development.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
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.
