(HBO) - To carry out the district’ resolution on investment attraction, the whole local political system has taken concrete measures. As a result, Lac Thuy now accommodates 53 investment projects totally worth nearly 18 trillion VND (776.9 million USD), mostly in such potential sectors as industry, agriculture, tourism and services. Twenty-nine projects or 54.7 percent of the total have been put into operation, and the rest are being carried out on schedule.
Home to charming landscapes, Lac Thuy district is a magnet for investors
in tourism and service sectors.
Some key projects are expected to help make
breakthroughs in economic restructuring such as the Xuan Thien lime and calcium
carbonate powder factory worth 8 trillion VND in Yen Bong commune; the Huong
Binh cable car project worth 676 billion VND in Phu Nghia commune; the
spiritual tourism site worth over 3.1 trillion VND in Phu Nghia; and the
sports, culture, entertainment, resort and eco-tourism complex in Dong Tam
commune.
To attract investment, authorities of Lac Thuy
have actively approached and assisted investors to tackle difficulties and
facilitated their projects. The district’s People’s Committee has issued a plan
on business climate improvement in which it assigns relevant agencies to step
up administrative reforms and site clearance, and help investors complete
investment procedures and implement their projects on schedule.
Lac Thuy has made use of central agencies’
support and mobilised other resources for developing infrastructure, especially
in the Dong Tam and Phu Thanh industrial parks, to promote its investment
attractiveness. The district has also worked hard to invite more investment to
potential fields and those it has strength in, solve obstacles to site
clearance in key projects, press on with administrative reforms, and create the
best possible conditions for project implementation./.
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.
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