(HBO) - With the consistent stance of accompanying the development of investors, Hoa Binh province is implementing specific measures to improve the business environment, and provide practical support for enterprises and investors in researching and carrying out investment projects in the fields of eco-tourism, agriculture and industry associated with urban development.
Over the past years, Hoa Lac - Hoa Binh road has made an important contribution
to the province’s investment attraction.
The province has drastically directed many
solutions to improve the business environment, with focus on administrative
reform to increase the validity and effectiveness of the State management
apparatus; paid attention to building an administration which always
accompanies enterprises in order to maximise resources for investment in
development; and actively worked with ministries, sectors and agencies to take
advantage of their support in investment-related mechanisms and policies.
In addition, Hoa Binh has directed to cut 30% of
the time to handle administrative procedures and improve the role of the Centre
for Trade, Investment and Tourism Promotion. It has regularly met and held
dialogue with investors to help them remove difficulties and obstacles in
implementing projects; strengthened inspection and supervision and strict handled
any cases that cause troubles and harassment in the implementation of
administrative procedures related to enterprises and investors towards the goal
of creating substantive changes in the business environment. The province has
directed to review and revoke slow-progress projects to attract competent
investors that are suitable to the province's investment attraction criteria;
and prioritised investment in fields and areas to serve socio-economic
development.
With its potential and advantages and efforts by
local authorities to support investors, the province has seen great progress in
investment attraction. In 2022, Hoa Binh approved the investment of 75 domestic
projects with a total registered capital of about 35 trillion VND (1.47 billion
USD). Compared to the previous year, the number of licensed projects increased
by 31 projects, and the capital was equal to 102.2%.
To date, the province has attracted 729
projects, of which there are 37 foreign-invested ones totaling 608 million USD,
and 692 domestic ones totalling about 183 trillion VND. Local industrial zones
currently have 105 licensed investment projects, including 25 foreign-invested
ones with a total registered capital of 518.9 million USD, and 80 domestic ones
totaling nearly 14 trillion VND./.
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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