Lac Thuy attracts investment to create momentum for socio-economic development

7/20/2020 - 6:38:11 PM

(HBO) - Over the past years, Lac Thuy district has well implemented policies on investment incentives and administrative reform so as to encourage enterprises to invest in its industrial clusters. The district has given priority to industries which it has potential and advantages in materials, actively supported production activities, and created the best conditions for investors.

Lac Thuy joint Stock Company operating in garment and textile production generates stable jobs and incomes for over 600 labourers.

The Xuan Thien solar battery factory project of Xuan Thien Limited Company received an investment intention decision on March 18, 2020. A representative from the company said that the project targets meeting demands for solar power plants inside and outside the country, creating jobs for around 1,100 labourers, increasing revenue for the company, and contributing to the local socio-economic development.

Investment projects in local industrial clusters have been on the right track, helping generate jobs for local labourers and increase the proportion of industry in the district’s economic structure.

Chairman of the district People’s Committee Nguyen Van Hai said that the resolution on investment attraction has contributed to socio-economic development after nearly 7 years of implementation. Targets and criteria set in the resolution have been achieved and surpassed. By the end of June, 2020, the district had attracted 53 projects with a total registered capital of 17.941 trillion VND, of which the agricultural sector lured nine projects, 30 projects in the industrial sector, three in tourism and hospitability, two in afforestation, and nine in mineral processing.

Of the total, 29 projects, or 54.7 percent, have been put into operation. For the remaining projects, investors are conducting investment procedures, building infrastructure, and completing procedures to get the land and clear the ground, which have generated jobs for locals. Key ongoing projects include Huong Binh cable project; Lac Thuy resort and cultural tourist site by Pacific-Hoa Binh One-member Limited Company; a complex of sports, culture, entertainment, resort, eco-tourism and aquaculture; Dong Tam golf course; Xuan Thien Hoa Binh lime and light powder factory; and Xuan Thien port.

Over the past times, the district People’s Committee has directed relevant agencies to well conduct land clearance to have land funds for investors. At present, infrastructure at industrial clusters has been basically completed. To date, 10 businesses have poured capital into industrial clusters with a combined capital of 535 billion VND, the area of rented land in industrial clusters is 37.21ha.

In the time ahead, the district will intensify management over operational enterprises and help them deal with difficulties, while speeding up investment promotion and improving the business environment.

Attention will be paid to the land clearance and the training of human resources to meet requirements of enterprises and units investing in the locality./.

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