(HBO) – Hoa Binh City, Luong Son district and the northern part of Lac Thuy district have been set as urban, industrial and dynamic zone of Hoa Binh province.
Hoa Binh City’s transportation and urban
infrastructure basically meet development demand.
The provincial Party Committee and People’s
Committee directed effectively performing the Party and State’s policies and
guidelines on planning work, improving planning quality and management in line
with the law, and completing the provincial planning for the 2021-2030 period
with a vision to 2050.
Located in the dynamic zone, Hoa Binh City
considered it a favourable condition for development. Over the past years, the
city has attached importance to improving the efficiency of using, managing and
upholding resources of the economy, especially socio-economic infrastructure.
At present, the dynamic zone is home to almost
local industrial parks (IPs) and industrial park clusterswith 7 IPs, or
87.5 percent, and 10 IP clusters, or over 60 percent of the total in the
province. Luong Son IP and IP on the left bank of Da River have basically
completed technical infrastructure. Four IP clusters have been put into
operation. Among 635 valid projects in the province, Hoa Binh City accounted
for the most with 203 projects, followed by Luong Son with 198 projects and Lac
Thuy 64. As many as 92.5 percent of projects by forest investors are based in
the dynamic zone, mostly in the fields of processing, electronic spare parts,
construction materials, electricity and water production and distribution.
There are service and tourism projects like Phuong Hoang and Hilltop Valley
golf courses, Thang Thien waterfall tourism area, resorts and garden houses.
The urbanisation rates of Hoa Binh City, Luong
Son district and Lac Thuy district hit nearly 78 percent, 45 percent and 25.45
percent, respectively.
The province estimated that the dynamic zone
contributed about 70 percent of the local State budget revenue, over 90 percent
of export revenue and 70 percent of economic scale of the province. The zone
also recorded the highest income per capita and the lowest rate of poor
households. In Hoa Binh City alone, average income per capita reached 75
million VND in 2021 while the rate of poor households was reduced to 0.97
percent./.
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.
Hoa Binh province has mobilised all resources to propel local agricultural products to make inroads into foreign markets, towards lifting the export turnover of key agricultural products to 137.8 million USD by 2030, accounting for 3.4% of the locality’s total export value of goods.
The locality aims to export farm produce to the US, the European Union, the UK, China, Japan, and the Republic of Korea.
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