(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./.
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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