(HBO) - Hoa Binh province views investment capital as the key to completing local socio-economic infrastructure. Therefore, aside from effectively using the capital sourced from the state budget, it has mobilised funding from businesses, people, as well as domestic and foreign organisations.
Construction
of Hoa Binh 2 Bridge is being accelerated. Once put into use, the facility will
help complete transport infrastructure of Hoa Binh city.
The total investment capital raised from society
over the last five years is estimated at 80.2 trillion VND (3.4 billion USD),
including 10.73 trillion VND of public investment capital spent on developing
transport facilities, industrial parks, urban infrastructure, power supply,
water supply and drainage, education, health care, tourism, and production and
business development.
Under the motto of "transport must be developed
first to pave the way”, between 2016 and 2020, many key transport lines have
been built and upgraded, thus creating an important driving force for local
socio-economic development and attracting investment to the province. Prominent
among them are Hoa Lac – Hoa Binh Road, the Xuan Mai – Hoa Binh section of
National Highway 6, the first 23km of Provincial Road 433, Provincial Road 435,
the inter-district road in mountainous Lac Son and Tan Lac districts, Hoa Binh
3 Bridge, Hoa Binh 2 Bridge, and Trang Bridge. The province is also speeding up
investment in the road linking National Highway 6 with Chi Lang Road, and Hoa
Binh – Moc Chau Expressway under the public-private partnership format.
So far, Hoa Binh province has had 10,446km of
roads, a majority of which have been asphalted or concretised, increasing by
about 1,442km from 2015. Apart from national highways and provincial and
district roads, 78 percent of communal roads in the province have been
concretised or asphalted, the rate of such roads in urban areas is 91 percent,
specialised roads 76 percent, and inter-hamlet roads 61 percent.
Over the last five years, nearly 400 irrigation
works have been upgraded, and more than 250km of canals reinforced as a result
of the greater attention paid to improving essential infrastructure facilities
in rural and disadvantaged areas. Aside from calling for investment to water
supply facilities, information technology, urban areas, and healthcare and
educational establishments, Hoa Binh has also carried out many power supply
infrastructure projects to serve people’s daily life and production demand.
Across the province, 19 traditional markets, one
trade centre and one supermarket have been built and upgraded, and seven
traditional markets renovated, bringing the total number of traditional market
to 93, supermarkets to five and trade centres to three. The development of
trade infrastructure has not only helped improve local living standards, meet
people’s consumption and trading demand, but also encouraged residents,
especially in rural areas, to boost mass production./.
After more than four years of implementing a project launched by the Hoa Binh Party Committee’s Standing Board on developing agriculture and promoting product consumption linked with building new-style rural areas for the 2021-2025 period, the province’s industry and trade sector has made significant strides, greatly contributing to local socio-economic development.
Luong Son district has identified 2025 as the year for the accelerated breakthrough to successfully implement the socio-economic development plan for the 5-year period from 2021 to 2025. The district has been focusing on executing the plans and trying to achieve a GRDP growth rate of approximately 15%.
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.
