(HBO) – In the recent past, Luong Son district has obtained a number of major achievements in investment attraction and socio-economic development. The number of investment projects in the district is accounting for more than 20 percent of the total in Hoa Binh province. Notably, foreign direct investment (FDI) projects here make up nearly half of those in the whole province. Many large and potential investors have put their trust in Luong Son.


The Lvory villas & resort project in Lam Son commune features many high-end and unique villas and resorts that are in harmony with nature.

Capitalising on its advantages, including staying adjacent to Hanoi and being traversed by many arterial roads, Luong Son has proactively considered and proposed special mechanisms and policies to competent agencies so as to create an open and transparent environment for investors to seek investment opportunities and carry out production and business activities. Many urban infrastructure and housing projects have been carried out, helping give a facelift to the district.

The majority of industrial projects operate in construction material, apparel, and electronic component manufacturing. The Luong Son Industrial Park has been fully occupied, providing jobs for more than 15,000 people, raising the export value, and considerably contributing to the State budget. Meanwhile, the Nam Luong Son and Nhuan Trach industrial parks have been working hard to attract investors and develop technical infrastructure.

Many industrial clusters have also been planned in the district such as the one covering 74.5ha in Rut hamlet of Tan Vinh commune, and the 70ha Hoa Son industrial cluster.

So far, Luong Son has attracted 198 investment projects, comprising 24 FDI ones with registered capital totalling 307,018 USD and 174 domestic projects worth almost 23.26 trillion VND (1 billion USD). Numerous large investors have come to pour trillions of VND into projects here, including the Hoang Long Hoa Binh cement factory worth 4.98 trillion VND in Cao Duong commune.

Despite impacts of the COVID-19 pandemic, the district has attracted seven projects with registered capital of 224.28 billion VND so far this year. The enhancement of investment attraction has helped many communes with low starting points become role models in restructuring the economy, improving the material and spiritual life for people, and upgrading infrastructure.

Chairman of the district People’s Committee Nguyen Van Danh said Luong Son views boosting investment attraction as a focal task for the time ahead. It prioritises businesses with modern technology and those investing in industry, high-tech farming, infrastructure of industrial parks and clusters, and tourism services.

To attract more investment, authorities will step up administrative reforms, create the best possible administrative procedures for investors, and promote site clearance and resettlement in the areas covered by investment projects. In addition, they will pay due attention to digital transformation, smart city building, and supply online public services at Level 3 and 4, thereby obtaining higher satisfaction from people and enterprises, he added./.

 

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