(HBO) – During the 15 years of its development, the Hoa Binh Management Board of Industrial Parks (IPs) has boosted the state management of IPs, stepped up investment attraction, and developed industrial zones and sectors.
Head of the IP Management Board Chu Van Thang visits Hoa Binh Koyuseni Knitting
Co. Ltd, based in Da River Left Bank Industrial Park.
Over the last 15 years, the board’s apparatus
has been completed and its personnel quality improved, thus better fulfilling
political tasks and managing local IPs. The board has coordinated with the
provincial Department of Public Security and local administrations to guarantee
security - order and fire prevention and control for businesses based in the
local IPs.
In 2021, despite difficulties caused by the
COVID-19 pandemic, Hoa Binh met and surpassed IP development targets. In
particular, its IPs attracted eight investment projects with registered capital
totalling 6.5 million USD and 315.85 billion VND (13.6 million USD) and
recorded five others raising their capital by 4 million USD and 88.9 billion
VND (3.82 million USD).
Industrial production revenue and value recorded
by businesses in the local IPs were 13.9 percent and 11.2 percent higher than
the set targets; export turnover reached 690 million USD, up 7.8 percent from
2020 and 11.2 percent from the target; and 250 billion VND (10.76 million USD)
was contributed to the State budget, up 25 percent year on year and meeting the
target.
At present, the IPs in Hoa Binh are home to 104
projects, including 26 foreign direct investment (FDI) projects worth 514.78
million USD and 78 domestic direct investment ones with total capital of over
13.57 trillion VND (584.4 million USD).
IP-based businesses are playing an increasing
role in helping the province realise its socio-economic targets. Their export
revenue accounted for 56 percent while industrial production value made up
44.36 percent of the province’s total figures.
Besides, the management board has given advice
about a strategy for developing local IPs and industrial clusters by 2030 to
the provincial People’s Committee. It has worked with authorities to build and
submit some draft projects of the province, including those on IP development.
It has also submitted timely proposals on COVID-19 prevention and control to
the provincial administration so as to curb pandemic transmission and help
IP-based firms sustain operations.
With the achievements obtained over the last 15
years, the board’s officials and staff are exerting efforts to improve their
specialised capacity; work with relevant agencies to develop a fair, open, and
transparent business climate; create optimal conditions for enterprises to
operate fruitfully; assist investors to complete IP infrastructure; and tackle
site clearance obstacles to boost investment attraction, thereby helping to
successfully carry out the resolution of the 17th provincial Party Congress and
contributing to local development./.
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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