The Management Board of Hoa Binh Industrial Parks has defined the enhancement of quality of local industrial parks (IPs) as one of the key solutions to attract secondary investors. Currently, Hoa Binh has eight IPs with a total planned areas of over 1,507 hectares, two of which have had complete technical infrastructure system. Many IPs have seen high occupation rate, including Luong Son IP with 100%, Da River Left Bank IP 91.53%, and South Luong Son IP 60.08%.
Construction of the road connecting National Highway 6 to Nhuan Trach industrial park in Luong Son district is being sped up.
This year, along with investing in necessary infrastructure works in local IPs, the board has designed planning for the construction of five IPs and sped up construction and ground clearance for the projects.
In 2023, the total investment in the construction of infrastructure system in local IP has reached over 700 billion VND (28.83 million USD) including about 600 billion VND from investors.
According to leaders of the board, so far, many infrastructure works have been on good process. The Da River wastewater treatment plant has completed and will be put on testing operation, while the ground clearance for the construction of a road to Yen Quang IP has finished. A road connecting Hoa Lac – Hoa Binh Expressway with Yen Quang IP has accepted the payment volume of over 50% of the assigned capital plan. At the same time, a project to build intersections and feeder roads in Lac Thinh IP is on a right track.
The board has also worked on the planning of eight additional IPs in Yen Thuy, Luong Son, Lac Son, Da Bac, Tan Lac district and Hoa Binh city with a total area of nearly 2,238 hectares.
Currently, the rate of operating IPs with standardised concentrated wastewater treatment system has reached 75%. The cleared area for investors is over 119 hectares, exceeding the plan by 8.4%.
Along with infrastructure development, the board has concentrated on improving the business environment and strengthening administrative reform and investment attraction.
Director of the board Chu Van Thang said that it has held regular meetings with businesses in local IPs to deal with their difficulties and gather their opinions.
As of the end of October, the board had reported four new projects worth 89.5 billion VND in local IPs, while an additional 89.92 billion VND was poured into operating projects.
To date, local IPs have attracted 109 projects, including 25 FDI firms with combined capital of 519.33 million USD. Businesses in the IPs reported a revenue of over 22 trillion VND and export value of 775 million USD, paying 250 billion USD to the State budget and creating jobs for more than 1,700 labourers.
The provincial Department of Agriculture and Rural Development on November 20 coordinated with Hai Dang Group Hoa Binh Seafood Company Limited to release 1.5 tonnes of fries into Hoa Binh Lake to regenerate aquatic resources, with a total value of 266 million VND (10,460 USD).
On the afternoon of November 16, Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the provincial Party Committee, held a reception for a delegation from the Indian Embassy led by Ambassador Sandeep Arya. The delegation included the chairperson of the Indian Chamber of Commerce in Vietnam, embassy personnel, and Indian businesses operating in Vietnam. Accompanying Long at the meeting were leaders of the provincial People's Committee and representatives from various departments and sectors.
Hoa Binh province hosted the "Meet India 2024" conference on November 16, marking a significant step in strengthening bilateral economic ties between Vietnam and India.
In recent times, with its core role in building and fostering great national unity, Cao Phong district's Vietnam Fatherland Front Committee has actively carried out its responsibilities and front work, and closely collaborated with member organisations to encourage locals to implement the Party’s guidelines, and the State’s policies and laws. At the same time, it has worked to promote the dynamism, creativity, and contributions of officials, Party members, and local people to help the district develop further.
From a type of bulb used as a seasoning for daily meals, thanks to the efforts of local authorities and farmers, shallots have become a commercial crop in Yen Thuy district, contributing to promoting the transformation of crop structure in agricultural production, bringing higher incomes to locals.
