(HBO) – After five years of implementing Resolution 14-NQ-HU issued on April 16, 2013 of Lac Thuy district on investment attraction in the 2013-2018 period, the locality’s economic structure has been transformed towards lower ratio of agriculture and higher ratio of service sector, helping increase budget collection, create more jobs and improve the living conditions of locals.
Workers of Lac Thuy garment joint stock company prepare shipments to
export to the US.
The planning and infrastructure construction in the district
have been conducted effectively. Specifically, a 1:500 scale planning for the
construction of Thanh Ha industrial park was approved with a total area of
282.14 hectares.
Other planning for Phu Thanh I industrial cluster with 23.63
hectares, Phu Thanh II industrial cluster with 138.03 hectares, Dong Tam
industrial cluster with 22.8 hectares, An Binh industrial cluster with 22.85
hectares, and Thanh Nong industrial cluster with 35.2 hectares were also
passed.
The People’s Committee of the district has submitted to the
provincial People’s Committee on the proposal to adjust the planning for Yen
Bong I, II and III industrial clusters with total area of 198.65 hectares.
Compensation and ground clearance have received adequate
attention, ensuring the procedure and progress on 26 projects. Meanwhile, the
district has sped up administrative reform, especially in land use, ground
clearance, business registration, and tax.
So far, the district has hosted 48 projects with total
capital of about 13,930 billion VND, 16 projects higher than that in 2013. Of
which, 28 projects are in industry sector, eight in agriculture, and seven in
mining. As many as 25 projects have become operational, reaching 55.6 percent.
The remaining projects are on the process of performing
investment procedure, infrastructure construction, land reclaim, and ground clearance.
The work is on good progress, creating jobs for local labourers, and contributing
about 75 billion VND to the State budget.
Some major projects are being implemented such as Xuan Thien
lime light-powder production factory; Xuan Thien Lac Thuy port; Huong Binh telpher
in Phu Lao commune; Dong Tam waste treatment plant; and spiritual tourism in
Phu Lao commune./.
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.
Hoa Binh province has mobilised all resources to propel local agricultural products to make inroads into foreign markets, towards lifting the export turnover of key agricultural products to 137.8 million USD by 2030, accounting for 3.4% of the locality’s total export value of goods.
The locality aims to export farm produce to the US, the European Union, the UK, China, Japan, and the Republic of Korea.