(HBO) – On October 3, 2017, the Hoa Binh provincial Party Committee issued Resolution No 17-NQ/TU on the development of the province’s momentum zone by 2020, with a vision to 2030. The zone covers Hoa Binh city, Luong Son district, and the northern part of Lac Thuy district. It is designated as an urban and industrial zone that gives an impulse to local socio-economic development and focuses on urban, industrial, trade, and service development to help fuel growth in neighbouring areas.

The R Technical Research Vietnam Co. Ltd, located in the Da River Left Bank Industrial Park, is providing jobs for more than 700 workers with monthly per capita income of over 8 million VND (335 USD).

To carry out the resolution, all-level Party committees and administrations have proactively integrated the resolution’s objectives and targets into their annual action plans and programmes.

Given the momentum zone’s role and functions, the provincial Party Committee’s Standing Board has issued guidelines for the provincial People’s Committee to consider and approve the planning for the development of Hoa Binh city by 2035, of Luong Son district by 2020 with a vision to 2030, and of Lac Thuy district by 2040. The planning provides orientations for urban development in the localities.

At the same time, special attention has been paid to infrastructure development. Apart from optimising funding from the State budget, Hoa Binh province has also mobilised capital from businesses, people, and domestic and foreign organisations to build infrastructure in the momentum zone, there by meeting development demand in the province in general and the zone in particular.

In recent years, many important transport facilities have been built and upgraded in the zone, including the road linking Hoa Lac in Hanoi and Hoa Binh city, the Xuan Mai - Hoa Binh section of National Highway 6, Hoa Binh 3 and Hoa Binh 2 bridges. A number of roads in local districts and rural areas have also been given a facelift.

Resources have also been invested in developing electricity, irrigation, water supply, and information technology infrastructure to serve economic activities and people’s daily life.

The momentum zone accommodates the majority of industrial parks and clusters in Hoa Binh province. It is currently home to seven industrial parks, accounting for 87.5% of the total in the province. Ten industrial clusters have also been established on a total area of 514.2ha, making up 47.6% of total clusters. With the concentration of industrial parks and clusters, the momentum zone houses 290 industrial and mining projects, equivalent to 79% of such projects in the province.

In addition, the zone also boasts the biggest number of business projects, enterprises, and organisations in Hoa Binh province. Since 2018, it has seen the establishment of 2,092 companies with combined capital of 43.72 trillion VND. A total of 3,139 enterprises are operating in the zone, accounting for 71.3% of all firms in the province at present.

During the period, the momentum zone has recorded 177 new investment projects worth almost 70 trillion VND. The new project number is equivalent to 52 - 87% of those in the province. The zone is now home to 401 valid investment projects worth over 113 trillion VND, representing 56.87% and 64.5% of the province’s respective figures.

So far, the zone has contributed to 84% of the State budget revenue, 86.54% of the industrial production value, and 91.2% of total export turnover of the province.

With those significant achievements, the momentum zone has considerably contributed to common socio-economic development in Hoa Binh province./.


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