(HBO) - Leaders of the Hoa Binh provincial People's Committee held a working session with a working delegation from the Son La provincial People's Committee on September 24 to discuss the implementation of the project on the construction of Hoa Binh - Moc Chau expressway.
The Hoa Binh - Moc Chau expressway construction project in
the public-private partnership (PPP) model was approved by the Prime Minister
under Decision No.579/QD-TTg dated May 17, 2019. The expressway has a total
length of 85km, including 49km in Hoa Binh and 36m in Van Ho and Moc Chau
districts, Son La province. The Group A project has a total investment of over
22.2 trillion VND, about 5 trillion VND of which is from the local State
budget, including around 9 trillion VND from Hoa Binh and the remaining from Son La. The
investor conducted a detailed study on specific geological conditions to devise
proper plan for the work.
Chairmen of the provincial People’s Committees of Hoa
Binh and Son La sign minutes of meeting on Hoa Binh – Moc Chau expressway.
As directed by the Prime Minister, the construction will
begin no later than late 2020. The two provinces are preparing for work and
discussing contents to launch the project.
After discussions, the two provinces’ leaders signed minutes
of meeting on the implementation of the PPP project, with basic contents such
as accelerating the progress of the important project and assigning the
investor to conduct a feasibility report under an agreement signed by the Son
La provincial People’s Committee and the investor on July 29, 2019. They agreed
to establish a steering committee for the project and the plan on the
implementation of the Prime Minister’s Decision No.579/QD-TTg dated May 17,
2019 in line with legal regulations and as scheduled, and asked the Son La
provincial Department of Planning and Investment to collect public feedback on
the effort./.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
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.