(HBO) – After five years of implementing Resolution 14-NQ-HU issued on April 16, 2013 of Lac Thuy district on investment attraction in the 2013-2018 period, the locality’s economic structure has been transformed towards lower ratio of agriculture and higher ratio of service sector, helping increase budget collection, create more jobs and improve the living conditions of locals.

Workers of Lac Thuy garment joint stock company prepare shipments to export to the US.

The planning and infrastructure construction in the district have been conducted effectively. Specifically, a 1:500 scale planning for the construction of Thanh Ha industrial park was approved with a total area of 282.14 hectares.

Other planning for Phu Thanh I industrial cluster with 23.63 hectares, Phu Thanh II industrial cluster with 138.03 hectares, Dong Tam industrial cluster with 22.8 hectares, An Binh industrial cluster with 22.85 hectares, and Thanh Nong industrial cluster with 35.2 hectares were also passed.

The People’s Committee of the district has submitted to the provincial People’s Committee on the proposal to adjust the planning for Yen Bong I, II and III industrial clusters with total area of 198.65 hectares.

Compensation and ground clearance have received adequate attention, ensuring the procedure and progress on 26 projects. Meanwhile, the district has sped up administrative reform, especially in land use, ground clearance, business registration, and tax.

So far, the district has hosted 48 projects with total capital of about 13,930 billion VND, 16 projects higher than that in 2013. Of which, 28 projects are in industry sector, eight in agriculture, and seven in mining. As many as 25 projects have become operational, reaching 55.6 percent.

The remaining projects are on the process of performing investment procedure, infrastructure construction, land reclaim, and ground clearance. The work is on good progress, creating jobs for local labourers, and contributing about 75 billion VND to the State budget.

Some major projects are being implemented such as Xuan Thien lime light-powder production factory; Xuan Thien Lac Thuy port; Huong Binh telpher in Phu Lao commune; Dong Tam waste treatment plant; and spiritual tourism in Phu Lao commune./.


Related Topics


Starting business from hometown specialty

Appreciating the abundant potential and strengths of his hometown for tourism development, Ha Cong Hung, Deputy Secretary of the youth union of Mai Chau district’s Mai Hich commune, embarked on producing smoked meat with a desire to introduce his homeland's specialty to domestic and international tourists.

Huge potential to boost chilli export to RoK

Hoa Binh farmers are investing big in their chilli pepper cultivation areas after the first batch of 7.5 tonnes of pickled chilli peppers was shipped to the Republic of Korea (RoK) by Tien Ngan Trade and Investment Co., Ltd last month.

Hoa Binh improves effectiveness of collective economy

Recognising the role and importance of developing the collective economy, the northern province of Hoa Binh has promptly issued support policies to propel the development of the economy, making important contributions to local socio-economic development.

PM attends groundbreaking ceremony for electronic PCB factory in Hoa Binh

Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.

In the first quarter, the total capital of the credit institutions was estimated at 40,128 billion 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.

Lac Son - attractive destination for investors

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.