(HBO) – Hoa Binh has seen positive changes in investment attraction and implementation of investment projects, which contributed to provincial socio-economic development. However, many difficulties and obstacles still remain, with many projects delayed. Specifically, as many as 284 investment projects have been behind schedule, of which 211 projects are implementing land procedures (98 projects are being delayed). Most of those projects have encountered problems in the process of compensation and site clearance.
The project to upgrade provincial road
435 is one of the key investment projects funded by the state budget that is
prioritized for implementation.
In order to speed up the implementation of projects, the provincial People's
Committee has directed the promulgation of regulations on procedures related to
investment projects funded by non-state capital as a basis for State management
agencies to unify the steps of implementation. Regulations on coordination
among departments, agencies, People's Committees of districts and cities and
investors are also issued for the implementation of projects using land
acquired through transferring or leasing land use rights or capital
contribution by land use rights in the province. The province continues to
review and promptly handle overdue projects.
The province also strengthens inspection
and supervision of administrative work, especially in simplifying
administrative procedures, promoting IT application, providing online public
services, to create the best possible conditions for people and businesses. At
the same time, Yen Bai strives to well implement preferential policies for
businesses to support them in restoring and expanding production and business
activities amid the COVID-19 pandemic.
In order to promote infrastructure investment, thus creating a driving force
for socio-economic development and developing regional linkages, the provincial
People's Committee has instructed giving priority in capital allocation to
large projects and completing the assignment of annual capital plans at the
beginning of the year so that projects can be promptly implemented. The
province also accelerates the disbursement of public investment capital to
promote production and business, create jobs for local people, and ensure
social security.
In particular, in order to implement effectively and on schedule projects using
capital inside and outside the state budget, the standing board of the
provincial Party Committee has required administrations at all levels and
agencies to focus on planning work, especially land use planning, in the
2021-2025 period, while continuing to selectively attract investment projects,
and at the same time terminating projects that are behind schedule or not
implemented./.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
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.
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