The Lao Cai border economic zone will be developed into an industrial, urban, trade and service hub, serving as a driving force for the growth of the northern mountainous province of Lao Cai, according to the zone’s master plan.
Illustrative photo (Source:
cafef.vn)
The development master plan for the zone
to 2040 with a vision to 2050 has just received approval from the Prime
Minister in Decision 1627/QD-TTg.
Under the plan, the Lao Cai border economic zone will have a total area of
15,929.8 hectares. It is projected to have a population of 90,000 by 2040.
The zone will have a core area and two
wings, which are the western and eastern economic corridors. The service area
at the border gate covers more than 356 hectares of land, slated to house areas
for fairs and exhibitions, representative offices of enterprises and
organisations, a trading centre and bonded warehouse, among other facilities.
The area designated for industrial
activities inside the zone comprises operational industrial parks (the 100-ha
Dong Pho Moi and the 85-ha Bac Duyen Hai), a 228-ha processing and packaging
zone for import-export in Bat Xat district, and an area reserved for services,
logistics, warehouse and packaging.
The plan also envisions a complex for
tourism, entertainment and sports covering more than 344 ha in Ban Qua commune,
Bat Xat district. Local cultural and spiritual sites such as Thuong and Mau
Temples will be upgraded and turned into tourist attractions, while a new
tourism route will be built connecting the border economic zone and Sa Pa,
which is a widely-known tourism site in the province.-
Source: VNA
Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.
Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.
The Hoa Binh provincial People's Committee has issued Decision No. 2767/QD-UBND announcing the rankings of departments, agencies, districts and Hoa Binh city in the Public Administration Reform Index (PAR) and the Satisfaction Index of Public Administration Services (SIPAS) in 2024.
The cultivation of Dam Xanh fish (Bangana lemassoni), a unique fish species, has seen remarkable growth in Mai Chau district, thanks to its high economic value and effectiveness. Initially concentrated in Van Mai commune, farming has now extended to four other communes, namely Mai Hich, Mai Ha, Chieng Chau, and Son Thuy. These areas benefit from pristine underground water flowing from mountain crevices, providing ideal conditions for raising this specialty fish.
In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.
In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.
