(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./.
Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.
Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.
The Hoa Binh provincial People's Committee has issued Decision No. 2767/QD-UBND announcing the rankings of departments, agencies, districts and Hoa Binh city in the Public Administration Reform Index (PAR) and the Satisfaction Index of Public Administration Services (SIPAS) in 2024.
The cultivation of Dam Xanh fish (Bangana lemassoni), a unique fish species, has seen remarkable growth in Mai Chau district, thanks to its high economic value and effectiveness. Initially concentrated in Van Mai commune, farming has now extended to four other communes, namely Mai Hich, Mai Ha, Chieng Chau, and Son Thuy. These areas benefit from pristine underground water flowing from mountain crevices, providing ideal conditions for raising this specialty fish.
In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.
In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.
