(HBO) – Being aware of their potential, advantages and even weaknesses, localities in Hoa Binh province are rolling out the red carpet to attract more investors with a determination to create a favourable, safe and reliable environment for businesses.
Lac Thuy joint Stock Company of Duc Giang Corporation
(Lac Thuy) is quickly put into operation, generating jobs for over 1,000
labourers.
At a meeting of the provincial Party Committee’s Standing
Board in January, Ngo Van Tuan, member of the Party Central Committee and
Secretary of the provincial Party Committee, stressed positive developments in
several localities when the provincial Party Committee, local authorities, and
relevant organisations joined hands in speeding up ground clearance to support
enterprises.
According to him, ground clearance is the most important
link to increase the efficiency of investment attraction. Of great note, some localities have taken the initiative in
carrying out measures to improve the efficiency of ground clearance so as to
better the investment environment and attract more resources for socio-economic
development.
Lac Son district is a good example, reflected through the
Canh Tang reservoir project. The project, invested by the Ministry of
Agriculture and Rural Development, has a total investment of 3.1 trillion VND
(134 million USD). To carry out the project, the province was assigned to carry
out compensation and resettlement for 652 households with the total area of
land that needs to be cleared being 1,238ha. The district has mobilized the entire political system to
effectively carry out the ground clearance.
Nguyen Ngoc Diep, Secretary of the district Party Committee,
said that the district is determined to perform well the task in order to
attract investors, to compensate for the locality’s disadvantages, especially
in the geological position and the road transport system.
Lac Thuy district counts 54 investment projects with total
registered capital of around 18.03 trillion VND. It has been able to attract
strategic investors and lure major projects thanks to drastic actions in
improving the investment climate, particularly in site clearance.
Investors said the available of clean land has shortened the
time needed to put projects into operation, which created special
attractiveness for Lac Thuy over the past years. During project implementation, all-level Party Committees
and authorities have helped to remove difficulties facing investors, and worked
as a bridge between investors and people. Slow land clearance cause many projects to delay and be
rescheduled. The main reason for the problem is that businesses and local
residents could not reach consensus on the compensation plan.
Such bottlenecks need the involvement of the entire
political system and relevant units to be handled. "People sometimes ask for high compensations as they think
that enterprises can afford high prices that even amount to 2 billion VND per
ha,” a businessperson said on condition of anonymity.
"However, after being explained by district officials, they
are aware of benefits generated by the projects such as job generation, higher
income, momentum for local socio-economic development, and State budget
contribution,” the businessperson said, adding that locals agreed with the
compensation plan at last.
In an effort to attract investments, the province has rolled
out uniform mechanisms and policies. To assist investors, leaders of the
provincial People’s Committee personally instructed the settlement of problems
emerging during the implementation of major, important projects. The provincial centre for investment, trade and tourism
promotion, and relevant departments and agencies have also helped enterprises
with legal procedures.
During dialogues with investors, local leaders affirmed
their support to investors, from survey to project building, implementation and
operation, which has been realised with high political resolve. /.
Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.
Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.
Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.
As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.
alternate member of the Central Party Committee, Secretary of the Hoa Binh provincial Party Committee Nguyen Phi Long on March 5 had a working session with Yan Jiehe, Founder and Chairman of the China Pacific Construction Group, one of China's largest private corporations in the field of transport infrastructure. Deputy Secretary of the provincial Party Committee, Chairman of the provincial People's Committee Bui Duc Hinh and leaders of provincial departments and sectors also attended the working session.
The electronic printed circuit board (PCB) manufacturing and processing plant of Japan’s Meiko Group, located at Da River Left Bank Industrial Park in Hoa Binh city with a total investment of over 200 million USD, is expected to create thousands of jobs and make a significant contribution to the local budget.
