(HBO) – The Hoa Binh Party Committee on November 29 had a meeting with leaders of the VinaCapital Group regarding the latter’s proposal to research and invest in a project in the province. Present at the event were Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the provincial Party Committee; Bui Duc Hinh, Standing Deputy Secretary of the provincial Party Committee and Chairman of the provincial People's Council; Bui Van Khanh, Deputy Secretary of the provincial Party Committee and Chairman of the Provincial People's Committee; and Quach Tat Liem, Vice Chairman of the provincial People's Committee; among others.
Delegates discuss opportunities for investment in the Hoa Binh lake area.
VinaCapital Group representatives introduce the group's urban and tourism products.
On behalf of the provincial leaders, Long informed the guests on Hoa Binh’s socio-economic situation. Hoa Binh is located at the gateway of the northwest region, adjacent to Hanoi, and part of the planning of the capital and northern key economic regions. The province has diverse and rich natural conditions, and abundant opportunities for investment and development across fields. It identified four spearheaded sectors for growth, namely high-tech industry, clean agriculture, tourism services, and urban development. The Hoa Binh Lake, approved by the Prime Minister to be developed into a key national tourist area, offers an opportunity to develop tourism types based on the local natural landscape, lake ecosystem, and ethnic identity.
The official expressed his hope the group will study the area for future investment, and work to develop high quality tourism products. VinaCapital Group, a leading real estate investor in Vietnam, has so far implemented projects in 11 provinces and cities across the country.
At the meeting, a series of investment opportunities were tabled, including the construction of a resort complex on Hoa Binh Lake, a 4-star standard hotel in Hoa Binh city, and a garden resort, among others.
Chairman of the provincial People’s Committee Bui Van Khanh pledged favourable conditions for investors in terms of administrative procedure and incentives./.
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.
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.
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