The Management Board of Hoa Binh Industrial Parks has defined the enhancement of quality of local industrial parks (IPs) as one of the key solutions to attract secondary investors. Currently, Hoa Binh has eight IPs with a total planned areas of over 1,507 hectares, two of which have had complete technical infrastructure system. Many IPs have seen high occupation rate, including Luong Son IP with 100%, Da River Left Bank IP 91.53%, and South Luong Son IP 60.08%.
Construction of the road connecting National Highway 6 to Nhuan Trach industrial park in Luong Son district is being sped up.
This year, along with investing in necessary infrastructure works in local IPs, the board has designed planning for the construction of five IPs and sped up construction and ground clearance for the projects.
In 2023, the total investment in the construction of infrastructure system in local IP has reached over 700 billion VND (28.83 million USD) including about 600 billion VND from investors.
According to leaders of the board, so far, many infrastructure works have been on good process. The Da River wastewater treatment plant has completed and will be put on testing operation, while the ground clearance for the construction of a road to Yen Quang IP has finished. A road connecting Hoa Lac – Hoa Binh Expressway with Yen Quang IP has accepted the payment volume of over 50% of the assigned capital plan. At the same time, a project to build intersections and feeder roads in Lac Thinh IP is on a right track.
The board has also worked on the planning of eight additional IPs in Yen Thuy, Luong Son, Lac Son, Da Bac, Tan Lac district and Hoa Binh city with a total area of nearly 2,238 hectares.
Currently, the rate of operating IPs with standardised concentrated wastewater treatment system has reached 75%. The cleared area for investors is over 119 hectares, exceeding the plan by 8.4%.
Along with infrastructure development, the board has concentrated on improving the business environment and strengthening administrative reform and investment attraction.
Director of the board Chu Van Thang said that it has held regular meetings with businesses in local IPs to deal with their difficulties and gather their opinions.
As of the end of October, the board had reported four new projects worth 89.5 billion VND in local IPs, while an additional 89.92 billion VND was poured into operating projects.
To date, local IPs have attracted 109 projects, including 25 FDI firms with combined capital of 519.33 million USD. Businesses in the IPs reported a revenue of over 22 trillion VND and export value of 775 million USD, paying 250 billion USD to the State budget and creating jobs for more than 1,700 labourers.
After the Lunar New Year (Tet) holidays, trade union members and workers in Hoa Binh province returned to work with an excited spirit at the beginning of the new spring. Throughout the workshops, factories and enterprises, they were full of enthusiasm, immediately getting to work, striving to excellently complete tasks and production and business targets.
Red grapefruit is a native crop of Tan Lac district, where the fertile soil and favourable climate create ideal conditions for its growth. With over 80% of the area being mountainous, at an altitude of 300-400 metres above sea level, red grapefruits here thrive on well-drained, fertile hillside soil. The region’s large temperature variation between day and night enhances the fruit's nutrient absorption. The local cultivation techniques also contribute to its uniqueness
The provincial business association recently convened a conference to review its 2024 operations and outline plans for 2025. The meeting was attended by Standing Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Bui Duc Hinh along with leaders from various departments and agencies.
Hoa Binh province is prioritising rural transportation infrastructure to improve mobility, facilitate trade, and boost socio-economic development.
The Minister of Agriculture and Rural Development has just issued Decision No. 377/QD-BNN-VPĐP approving the results of the evaluation and classification of the products of the National One Commune One Product Program in 2024 (phase 3).
As the Lunar New Year (Tet) approaches, the market becomes more vibrant than ever. In Hoa Binh province, preparations for Tet have been bustling since the 20th of the last lunar month, with an abundant supply of goods to meet the growing consumer demand.
