(HBO) – The standing board of the Hoa Binh Party Committee, including Secretary Ngo Van Tuan and Vice Secretaries Bui Duc Hinh and Bui Van Khanh, on March 31 had a working session a joint venture of three groups, namely Deo Ca, Phu My, and Van Phu.
Ngo Van Tuan, member of the Party Central
Committee and Secretary of the Hoa Binh Party Committee, speaks at the event.
At the function, the companies introduced their capacities. Deo Ca operates in
construction and transport infrastructure investment, while Van Phu and Phu My
both run businesses in real estate and industrial and transport infrastructure.
In Hoa Binh, Phu My is the investor of the 213.68ha Nhuan Trach industrial park
in Luong Son district and the 235.86ha Mong Hoa industrial park in Hoa Binh
city.
The three groups tabled a series of options to implement local transport
infrastructure projects as well as the public–private partnership (PPP) model,
and conditions to apply in Hoa Binh.
They suggested the province support them in their research and investment in a
number of local transport projects, and allow them to access and make
consultations to the provincial general planning project.
Provincial leaders stated that Hoa Binh seeks investment in infrastructure
development of routes connecting its key areas in Luong Son district and Hoa
Binh city, in order to capitalise on the land available on both sides of the
road and to form urban and residential areas, creating space for socio-economic
development.
Concluding the session, Ngo Van Tuan, member of the Party Central Committee and
Secretary of the Hoa Binh Party Committee, agreed with the contents discussed.
He called for the establishment of a local working group to study investment
mechanisms and build plans in line with regulations and other transport and
land use planning.
Investors and competent agencies in Hoa Binh should work together in surveying
and implementing related projects for higher speed and effectiveness, he
recommended.
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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