(HBO) – Hoa Binh province has taken drastic, strong solutions to push ahead with the disbursement of public investment, and speed up the implementation of important projects, especially those on infrastructure.


The road linking National Highway 6 with Chi Lang Road in Hoa Binh city opens up new urban development space and helps to spur local socio-economic development.

The investment capital sourced from the State budget and assigned by the Prime Minister to Hoa Binh this year stands at 4.48 trillion VND (190.17 million USD). Meanwhile, the amount approved by the provincial People’s Council is 5.24 trillion VND, which has been allocated to projects.

As of October 31, 2022, some 2.25 trillion VND in public investment had been disbursed, completing 51% of the target set by the PM.

Apart from effectively using the State budget, the province has mobilised capital sources for key infrastructure projects, with priorities given to major areas, inte-regional transport infrastructure, rural transport, infrastructure at industrial parks and clusters, urban areas and tourist destinations.

Under the strategy on the development of industrial parks and clusters in Hoa Binh province for 2021-2030 with a vision towards 2050, the locality will have eight industrial parks with a total area of over 1,507 hectares.

There will be four new industrial parks in Cao Phong, Yen Thuy, Lac Son and Da Bac districts, covering 1,493 hectares, raising the total number to 12 with a combined area of around 3,000 hectares.

Since the beginning of this year, Hoa Binh has counted 722 valid projects that do not use the State budget, of which 37 are foreign-invested worth 608 million USD, and 685 are invested by domestic firms with 180.58 trillion VND./.



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