(HBO) - Hoa Binh province views investment capital as the key to completing local socio-economic infrastructure. Therefore, aside from effectively using the capital sourced from the state budget, it has mobilised funding from businesses, people, as well as domestic and foreign organisations.
of Hoa Binh 2 Bridge is being accelerated. Once put into use, the facility will
help complete transport infrastructure of Hoa Binh city.
The total investment capital raised from society
over the last five years is estimated at 80.2 trillion VND (3.4 billion USD),
including 10.73 trillion VND of public investment capital spent on developing
transport facilities, industrial parks, urban infrastructure, power supply,
water supply and drainage, education, health care, tourism, and production and
Under the motto of "transport must be developed
first to pave the way”, between 2016 and 2020, many key transport lines have
been built and upgraded, thus creating an important driving force for local
socio-economic development and attracting investment to the province. Prominent
among them are Hoa Lac – Hoa Binh Road, the Xuan Mai – Hoa Binh section of
National Highway 6, the first 23km of Provincial Road 433, Provincial Road 435,
the inter-district road in mountainous Lac Son and Tan Lac districts, Hoa Binh
3 Bridge, Hoa Binh 2 Bridge, and Trang Bridge. The province is also speeding up
investment in the road linking National Highway 6 with Chi Lang Road, and Hoa
Binh – Moc Chau Expressway under the public-private partnership format.
So far, Hoa Binh province has had 10,446km of
roads, a majority of which have been asphalted or concretised, increasing by
about 1,442km from 2015. Apart from national highways and provincial and
district roads, 78 percent of communal roads in the province have been
concretised or asphalted, the rate of such roads in urban areas is 91 percent,
specialised roads 76 percent, and inter-hamlet roads 61 percent.
Over the last five years, nearly 400 irrigation
works have been upgraded, and more than 250km of canals reinforced as a result
of the greater attention paid to improving essential infrastructure facilities
in rural and disadvantaged areas. Aside from calling for investment to water
supply facilities, information technology, urban areas, and healthcare and
educational establishments, Hoa Binh has also carried out many power supply
infrastructure projects to serve people’s daily life and production demand.
Across the province, 19 traditional markets, one
trade centre and one supermarket have been built and upgraded, and seven
traditional markets renovated, bringing the total number of traditional market
to 93, supermarkets to five and trade centres to three. The development of
trade infrastructure has not only helped improve local living standards, meet
people’s consumption and trading demand, but also encouraged residents,
especially in rural areas, to boost mass production./.
(HBO) – As of the end of 2019, 88 out of the 191 communes in Hoa Binh were recognised as new-style rural areas, up 25 compared to the previous year.
(HBO) - Over the past years, Hoa Binh province has created conditions for businesses specialising in agricultural products in the locality to meet their counterparts nationwide in order to seek cooperation opportunities and expand markets. The move aims to promote trade and build brand names for local agricultural products, especially high-quality ones.
Foreign direct investment (FDI) pledges to Vietnam in the first three months of 2020 fell by a sharp 20.9% over the same period of 2019 to US$8.55 billion, according to the Foreign Investment Agency.
(HBO) – In the face of the COVID-19 pandemic’s impact on many economic sectors, some commercial banks in Hoa Binh province have decided to extend debt payment deadlines, not charge interest on late payments, and assist people and businesses to access preferential loans to overcome difficulties.
(HBO) - Hoa Binh province is currently home to more than 900 enterprises and 30,000 households doing business in trade, services and tourism. Among them, nearly 3,000 companies have applied IT to transactions.
(HBO) - In 2019, enterprises in Hoa Binh province faced a lot of difficulties, although their operations showed progress. To date, the province has had 3,575 enterprises and 645 branches and representative offices, with a total registered capital of nearly 35 trillion VND. Of the total, there are 2,931 operating enterprises.