(HBO) – The Hoa Binh provincial Department of Industry and Trade held a working session with People’s Committee of Da Bac district on November 12 morning to discuss the progress of building local infrastructure in industrial park (IP) cluster in the locality.
The Department of Industry and Trade inspects
investment in IP cluster infrastructure in Da Bac district.
The Da Bac IP complex
covers an area of 27.72 ha, with the goal of becoming a multi-sectoral
industrial and handicraft cluster. Major industries include steel billets,
apparel, textile, animal feed processing, handicraft production, forestry
processing, construction material areas. The total investment is estimated at
230 billion VND. At present, the new IP cluster investment is only in the stage
of planning. Site clearance has yet to be finished while technical
infrastructure construction also has yet to be started.
Participants at the event called for embarking on investment procedures, paying
compensation for site clearance, devising adjustments to detailed planning and
construction design.
Via inspection, leader of the department emphasised that it is a key project to
generate jobs to local workers in line with the district’s socio-economic
development planning and orientations. In the near future, it is necessary to
speed up construction and accelerate compensation and site clearance. Local
specialised agencies need to help Phuc Thanh urban infrastructure development
JSC complete legal procedures, actively collect data to determine specific land
price adjustment coefficient for calculation of compensation, outline a plan
for land acquisition, investigation and survey, striving to shorten time for
appraisal but ensuring it is in accordance with regulations.
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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