(HBO) – In the recent past, Luong Son district has obtained a number of major achievements in investment attraction and socio-economic development. The number of investment projects in the district is accounting for more than 20 percent of the total in Hoa Binh province. Notably, foreign direct investment (FDI) projects here make up nearly half of those in the whole province. Many large and potential investors have put their trust in Luong Son.
The
Lvory villas & resort project in Lam Son commune features many high-end and
unique villas and resorts that are in harmony with nature.
Capitalising
on its advantages, including staying adjacent to Hanoi and being traversed by
many arterial roads, Luong Son has proactively considered and proposed special
mechanisms and policies to competent agencies so as to create an open and
transparent environment for investors to seek investment opportunities and
carry out production and business activities. Many urban infrastructure and
housing projects have been carried out, helping give a facelift to the
district.
The
majority of industrial projects operate in construction material, apparel, and
electronic component manufacturing. The Luong Son Industrial Park has been
fully occupied, providing jobs for more than 15,000 people, raising the export
value, and considerably contributing to the State budget. Meanwhile, the Nam
Luong Son and Nhuan Trach industrial parks have been working hard to attract
investors and develop technical infrastructure.
Many industrial
clusters have also been planned in the district such as the one covering 74.5ha
in Rut hamlet of Tan Vinh commune, and the 70ha Hoa Son industrial cluster.
So far,
Luong Son has attracted 198 investment projects, comprising 24 FDI ones with
registered capital totalling 307,018 USD and 174 domestic projects worth almost
23.26 trillion VND (1 billion USD). Numerous large investors have come to pour
trillions of VND into projects here, including the Hoang Long Hoa Binh cement
factory worth 4.98 trillion VND in Cao Duong commune.
Despite
impacts of the COVID-19 pandemic, the district has attracted seven projects
with registered capital of 224.28 billion VND so far this year. The enhancement
of investment attraction has helped many communes with low starting points
become role models in restructuring the economy, improving the material and
spiritual life for people, and upgrading infrastructure.
Chairman of
the district People’s Committee Nguyen Van Danh said Luong Son views boosting
investment attraction as a focal task for the time ahead. It prioritises
businesses with modern technology and those investing in industry, high-tech
farming, infrastructure of industrial parks and clusters, and tourism services.
To attract
more investment, authorities will step up administrative reforms, create the
best possible administrative procedures for investors, and promote site
clearance and resettlement in the areas covered by investment projects. In
addition, they will pay due attention to digital transformation, smart city
building, and supply online public services at Level 3 and 4, thereby obtaining
higher satisfaction from people and enterprises, he added./.
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.
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.
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.
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 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.
