(HBO) - Lac Son is a large and densely populated district with not many favourable conditions for development. But over the past time, it has effectively applied the province's guidelines and orientations to its specific conditions. As a result, Lac Son has gained a lot of outstanding achievements in personnel work, land management and investment attraction.
Lac Son plastics factory creates jobs for about
1,000 local workers.
Lac Son is a poor district, ranking 6th out of
the 10 districts and city in terms of socio-economic indicators. The
urbanisation rate is only about 8.6%, with limited infrastructure. It has 120
micro- and small-sized businesses, of which 70 are active and have tax
declarations. Up to 90% of the population live in rural areas with difficult
conditions, and more than 20,000 labourers have to work far away.
Although the district is not a driving force of
the province, it has some potential and advantages in terms of land, natural
resources, workforce, and the rich culture of the Muong ethnic group. Lac Son
also owns Canh Tang lake - a large artificial facility in the northern region
with an area of 6 sq.km, which holds a great potential for the development of
various types of tourism.
After the district’s 27th Party Congress in
August 2020, the district Party Committee issued many resolutions on personnel
work, investment attraction, infrastructure and urban development, tourism, and
land management and site clearance, which were "bottlenecks” that needed to be
removed in order to get out of its poor district status and create development
breakthroughs.
Regarding investment attraction, the district
has rolled out a red carpet to lure more investors by accompanying and
supporting them in ground clearance and quick investment procedures in
accordance with regulations. To date, the district has attracted 31 investment projects,
including two foreign-invested ones with a combined registered capital of 11.27
trillion VND (475.3 million USD).
The district's state budget revenue has
increased continuously, from 47.4 billion VND in 2019 to 107 billion VND in
2020, and 142 billion VND in 2021. The figure is expected to hit 310 billion
VND this year./.
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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