(HBO) – Successes from the implementation of the Lac Thuy district Party Organization’s Resolution 14-NQ/HU in recent years has created a strong foundation for the district to take 9 out of its 15 communes and towns into Hoa Binh province’s area of economic drivers.
A project on building net houses for organic muskmelon and
vegetable growing by Hoa Binh GAP One-liability Co. Ltd. in Thanh Ha town.
Between 2013 and 2018, the
district has capitalised on state and local budgets to build infrastructure and
attract more investment. Projects involved include an 8.6 billion VND infrastructure
project for industrial cluster in Dong Tam commune, Phu Thanh II industrial
cluster infrastructure project worth over 71 billion VND, and Lac Thuy district
tourism infrastructure project worth 81 billion VND. Lac Thuy has also worked
with relevant provincial agencies and directed its functional division and land
development centre to focus on creating a cleared land source to woo investors.
Along investment in
infrastructure at industrial parks and industrial clusters, Lac Thuy has poured
capital into transport infrastructure to connect national road 21 and Ho Chi
Minh Trail as well as to upgrade and dredge a waterway on Buoi river. It also
invested 23 billion VND in upgrading a section from national road 21 to Luon cave
tourism site in Yen Bong commune; 200 billion VND in provincial road 438B
connecting Khoan Du and An Binh; 217.8 billion VND in upgrading a dyke cum road
stretching from Chi Ne to Xich Tho (Nho Quan district, Ninh Binh province); and
83 billion VND in expanding Phu Lao - Lien Hoa road.
To date, the district has
been implementing 45 projects, including 8 projects in agriculture, 25 in
industry, three in hotel and tourism, and seven in mining. Of those, 25
projects are put into operation, creating jobs for a large number of local
workers and contributing about 75 billion VND to the State budget.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
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.
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