(HBO) – Lac Son district has become a spot in investment attraction, as more investors both inside and outside Hoa Binh province have come to the locality.
Sankor Vietnam that specialises in
electronic component manufacturing in Xuat Hoa commune, Lac Son district, has
created jobs for about 500 labourers.
Lac Son now counts 25 licensed projects with total investment capital of
596.7 billion VND. Of the projects, 14 have been operational, and five are
under construction.
Apart from investment attraction solutions, the district has created optimal
conditions for businesses to complete negotiations on land hand-over with
households in project areas.
Besides, six companies and investors have planned to invest in Lac Son,
including SunGroup with an eco-tourism project in Doi Thung, Quy Hoa commune.
The district has given instructions on land hand-over, the grant of land-use
right certificates, compensation work and site clearance to ensure progress of
the projects.
According to Nguyen Ngoc Diep, Secretary of the district Party Committee, Lac
Son has issued a resolution on investment attraction and infrastructure
development in combination with tapping local potential and strength to serve
socio-economic development.
Focus will be paid to projects whose funding comes from organisations and
individuals, as well as key projects, he said.
Lac Son will facilitate the implementation of ongoing projects in order to soon
put them into operation./.
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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