(HBO) - In recent times, Lac Thuy district of Hoa Binh province has effectively implemented policies on investment incentives and administrative reform, helping lure investment in tourism and industrial clusters.
Ha Linh Trading and Investment JSC (Phu Thanh II Industrial Cluster, Lac Thuy) has created jobs for many local labourers.
Huong Binh cable car project in Phu Nghia commune, invested by Pacific Corporation, is a key one in Hoa Binh province. It links Huong Son Pagoda, a special national relic site in Hanoi’s outskirts district of My Duc, with Tien Pagoda in Phu Nghia commune, Lac Thuy district. The project is expected to bring new tourism products and contribute to local and regional socio-economic shifting.
Lac Thuy is now home to 68 investment projects with total registered capital of approximately 47.73 trillion VND (1.98 billion USD), of which 35 have been put into operation.
Its clear view is that industrial development must go in parallel with environmental protection and sustainable development.
The district has also put in place policies and regulations of the Party, the State, and the province to encourage investment, creating momentum and breakthroughs in industrial development.
There are five industrial clusters in Lac Thuy, of them three became operational, attracting 19 investors with combined capital of 1.4 trillion VND.
Nguyen Van Hai, Chairman of the People's Committee of Lac Thuy district, said to attract more investment, the district will upgrade its infrastructure towards harmony and modernity.
More attention will be given to land clearance and personnel training, he said, adding that the district will effectively use capital sources to accelerate economic restructuring and improve people’s living standards.
The One Commune One Product (OCOP) programme has helped encourage active labour among farmers, increasing production and creating high-quality products. In response to the programme, farmers in Phu Cuong commune, Tan Lac district, are working on their local sweet potato branding and forming a concentrated production area for better income and economic development.
Measures have been taken in Hung Thi commune, Lac Thuy district to eliminate hunger, reduce poverty and increase the income of residents. Currently, the commune has an average income of 51.1 million VND ($2,120 USD) per capita per year and its poverty rate is just 18%.
A delegation from Sao Do (Red Star) Entrepreneurs’ Club led by its President Nguyen Canh Hong has visited Hoa Binh to explore investment opportunities in the province.
Over the years, businesses located in local industrial parks (IP) have operated stably, completing and exceeding their plan and enjoying growth in revenue, export revenue and State budget payment, while contributing to creating jobs for local labourers.
In the cause of sustainable poverty reduction, the State’s supporting policies are considered a powerful lever to help poor and near-poor households escape poverty in Hoa Binh province. Over the past years, the Party committee and authorities of Tan My commune (Lac Son district) have always paid attention to and focused on implementing sustainable poverty reduction. Their efforts have produced positive results.