(HBO) – Hoa Binh is drastically working to tackle obstacles in attracting investment; improve the local business climate with a focus on administrative reform; and build a government apparatus that benefits the people and enterprises as serve the provincial development. Such efforts aim at making the province a vibrant and reliable destination for investors.
The provincial Party Committee and People's Committee
have directed the acceleration of site clearance at and infrastructure
investment in local industrial zones and clusters to soon lure secondary
investors. (Photo taken at the Tien Tien industrial cluster in Hoa Binh city’s
Quang Tien commune).
As of 2021, Hoa Binh had 655 valid projects in operation, including 39
foreign-funded ones worth about 616.32 million USD and 616 domestic-invested
projects valued at some 109.545 trillion VND (4.78 billion USD).
According to the provincial Department of Planning and Investment, overall, the
operations of completed projects have significantly promoted the province’s
socio-economic development; improved the value of its industrial production,
commerce, services and agriculture; contributed to the provincial budget; and
created jobs for local workers.
In the 2021-2025 period, the province targets an average annual economic growth
rate of 9 percent and higher as well as the attraction of approximately 80
trillion VND worth of domestic investment and about 1 billion USD of foreign
capital. By 2025, industrial zones and clusters are expected to cover about 1
percent of the province's natural area.
Toward these goals, the provincial Party Committee’s standing board identifies
2022 as a pivotal year to accelerate the local efforts. It is necessary to
further improve Hoa Binh’s business climate and to drastically direct the
construction of eight large projects, the body noted.
Quach Tat Liem, Vice Chairman of the provincial People's Committee, emphasised
that the year will see a great focus on site clearance work. Related
departments and sectors need to coordinate with local authorities to well solve
resettlement problems for households whose lands are acquired, Liem requested.
Nguyen Van Phuc, Deputy Director of the provincial Department of Planning and
Investment, informed that his department has actively advised the provincial
People's Committee to issue a plan on business climate improvement for 2022. It
is also giving further advice on the issuance of a guide on local
administrative procedures to facilitate investors, he added./.
