Luong Son district develops industrial infrastructure

7/3/2023 - 6:22:53 PM

(HBO) – Luong Son district has many advantages when it has been determined as an economic driving force of the northern mountainous province of Hoa Binh with convenient transport infrastructure.

Over the past years, the district has focused on the planning work, boosting administrative reform, improving the local business environment, and mobilising resources to develop industrial infrastructure in order to create sustainable economic restructuring.

Currently, the district has three industrial parks approved by the Prime Minister, including Luong Son, Nhuan Trach, Nam Luong Son.

(Photo: Representatives of authorised agencies review the planning work of Nam Luong Son industrial park)

The Luong Son Industrial Park has been invested in synchronous infrastructure. The park has 43 registered and operating projects, including 16 foreign direct investment (FDI) projects, 27 domestic direct investment (DDI) projects, helping to raise export value, contribute to the State’s budget and create jobs for over 13,489 labourers of them over 9,000 are local workers. The district is focusing on developing key industrial infrastructure.

Following the direction of the provincial People’s Committee, the People’s Committee of Luong Son district has instructed divisions and People’s Committee of communes to review investment potential in the locality in an attempt to complete the province’s strategy on the development of industrial zones and clusters to 2030, and at the same time integrate it into the provincial master plan for the period of 2021 - 2030, with a vision to 2050.

Accordingly, the provincial People's Committee has proposed supplementing the planning of two new industrial zones with a total area of 652.85 hectares, including Thanh Cao industrial park in Thanh Cao commune covering 215.15 hectares and Tan Vinh industrial park in Tan Vinh commune with an area of 437.7 hectares, bringing the total planned number of industrial zones in the district to five industrial zones, with a total area of 1,153.73 hectares.

There are 84 projects in the district, of which five are FDI projects, with total registered capital of nearly 34 million USD, and 79 DDI projects with total registered capital of 13.93 trillion VND (589 million USD).

Deputy Head of the district's Division of Infrastructure - Economic Affairs Nguyen Hong Anh said in the first six months of 2023, the value of industrial, handicraft and construction production is estimated at 48.81% of the yearly plan (about 12.88 trillion VND), up 16.26% over the same period in 2022. The province’s total export value was estimated to reach 335 million USD, reaching 45.9% of the yearly plan assigned by the district (730 million USD), up 32.2% over the same period in 2022./.

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