(HBO) – Hoa Binh province has a special geographical location as it is the northwestern gateway to Hanoi and linked with the capital city via Hoa Lac – Hoa Binh Road and National Highway 6. In the future, it will connect with northwestern provinces via a system of modern expressways. The synchronous investment in transport infrastructure and provincial leaders’ wisdom and dynamism will create a solid foundation for Hoa Binh to make breakthroughs in socio-economic development and investment attraction in the time to come.
Hoa Binh 3 Bridge, inaugurated at the year’s beginning, has helped
perfect the transport infrastructure network of Hoa Binh city.
On the stretch of the Da River in Hoa Binh city,
the contractor is racing against time to build Hoa Binh 2 Bridge, which is
expected to have its final sections joined by the end of 2020. Once put into
use, this bridge will, together with other bridges spanning the Da River, help
perfect local transport infrastructure, ease traffic congestion in the downtown
of Hoa Binh city, and become a landmark of the urban landscape here.
Based on the local transport planning for 2020,
with a vision to 2030, a number of facilities important to the province’s security-defence
and socio-economic development have been included in the medium-term public
investment plan for 2016 – 2020 and now under construction, such as the road
linking Ho Chi Minh Road with National Highways 12B and 1, upgrades to
Provincial Road 435, Hoa Binh 2 Bridge, the road linking National Highway 6
with Chi Lang Road, and Trang Bridge.
Thanks to the effective attraction and use of
domestic and foreign investment in transport infrastructure, between 2017 and
2019, Hoa Lac – Hoa Binh Road, built under the BOT format, and Hoa Binh 3
Bridge, funded with official development assistance (ODA) capital, were
completed, helping with the synchronous development of transport infrastructure
and the province’s connectivity with nearby localities.
In the time ahead, Hoa Binh – Moc Chau
Expressway will be built, marking a new stride in transport infrastructure
development and being an important facility serving local socio-economic
development.
Aside from arterial transport facilities, Hoa
Binh province has also paid attention to the rural transport network in recent
years. It has effectively carried out emulation movements to encourage the
local populace to engage in building rural roads and associated the development
of rural transport infrastructure with the implementation of the national
target programmes on new-style rural area building and sustainable poverty
reduction./.
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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