(HBO) – Developing industrial parks and clusters to attract investment will greatly help create jobs, raise income for workers, guarantee social security, and boost socio-economic development. Mindful of this, the Hoa Binh provincial Party Committee and People’s Committee have paid great attention to the issue. The province is striving to expand the area of industrial parks and clusters to about 1% of its total area - a target set in the resolution of the 17th provincial Party Congress.
Technical infrastructure of the Tien Tien industrial cluster
in Quang Tien commune, Hoa Binh city, has been developed rather comprehensively
and attracted secondary investors.
According to the initial planning, Hoa Binh
province would have eight industrial parks with a total area of over 1,500ha.
Basing on demand and implementing the 17th provincial Party Congress’s
resolution, the provincial People’s Committee ordered a survey be conducted in
some localities with investment attraction potential. Authorities have agreed
to add four industrial parks covering 1,493ha in Yen Thuy, Lac Son, and Da Bac
districts to the provincial planning for 2021 - 2030, with a vision to 2050.
That has raised the number of planned industrial
parks in Hoa Binh province to 12 with a total area of about 3,000ha. Besides,
21 industrial clusters covering 866,605ha have also been planned.
To boost technical infrastructure development
and the occupancy in industrial parks and clusters, the provincial People’s
Committee set up a steering board for infrastructure development in those
zones. This board has held quarterly or sporadic meetings to devise solutions
to difficulties facing infrastructure and secondary projects in industrial
parks and clusters.
As of August 2022, nearly 1.25 trillion VND
(50.2 million USD) was spent on developing industrial park infrastructure,
including 227.8 billion VND from the central budget, 354.1 billion VND from the
local budget, and 667 billion VND from investors.
Local industrial parks attracted 104 projects,
including 26 FDI ones worth 514.8 million USD (respectively accounting for
66.7% and 83.5% of the total in Hoa Binh) and 78 domestic ones worth nearly
13.6 trillion VND.
In 2021, businesses based in industrial parks
earned nearly 18.19 trillion VND in revenue and 690 million USD from exports,
equivalent to 44.36% of the province’s total industrial production value and
56.6% of the total overseas shipments, while contributing 250 billion VND to
the State budget.
In the first nine months of 2022, they raked in
about 15.4 trillion VND from production and business activities, up 24% year on
year, and created jobs for some 20,100 people.
From 2014 to 2022, local industrial clusters
attracted 25 investment projects, raising the total to 28 with combined capital
of almost 2.6 trillion VND. This year, they provided jobs for about 1,300
people and generated an estimated industrial production value of 1.7 trillion
VND./.
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.
