(HBO) – The Thai Binh Tourism Co. Ltd, an affiliate of Pacific Group, held a ceremony in Phu Nghia commune, Lac Thuy district, Hoa Binh province, to start the construction of works in Hoa Binh section of the Huong Binh cable line project.
Nguyen Phi Long, Secretary of the provincial Party Committee; Bui Duc Hinh, Standing Vice Secretary of the provincial Party Committee and Chairman of the provincial People's Council; and Bui Van Khanh, Vice Secretary of the provincial Party Committee and Chairman of the provincial People's Committee, present flowers to the investor.
Invested by the Thai Binh Tourism Co. Ltd, the project covers an area of about 35 ha, with a total investment of some 1.7 trillion VND (73.9 million USD), including a nearly 3km cable car line, two terminals, a customer service area, a pier, a restaurant, and a villa resort, among others.
It has been so far the most advanced transportation system imported from Austria. The project connects Huong Pagoda in Huong Son commune, My Duc district, Hanoi, with the Tien Pagoda in Phu Nghia commune, Lac Thuy district, reducing travel time between the two sites from 60 minutes by road to just 10 minutes, serving 1,500 - 2,000 passengers per hour, equivalent to 12,000 - 16,000 passengers per day.
The Huong Binh cable line is located in the low-lying area of the spiritual region encompassing Huong Pagoda (a special national cultural heritage site), Tien Pagoda (a national cultural heritage site), and the Tam Chuc pagoda complex (a national cultural heritage site). Scheduled to be operational in the fourth quarter of 2024, the project is expected to enhance transportation connectivity and enable tourists to explore the unique natural landscapes, contributing to the development of tourism, culture, and commerce and services in Hanoi, Hoa Binh, Ha Nam, and adjacent areas.
Speaking at the groundbreaking ceremony, Vice Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Bui Van Khanh described Huong Binh cable line as a key project of the province. He asked the investor and construction units to continue ensuring the quality and effectiveness of the project, contributing to the local socio-economic development.
The Lac Thuy district’s Party Committee and authorities were assigned to regularly work with the investor to address any arising difficulties, thus ensuring that the project will meet schedule./.
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.
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