Hoa Binh targets industrial park development

10:15 | 03/04/2017 Industry

(VEN) - Creating suitable mechanisms to attract investment and diversifying capital sources are major solutions helping Hoa Binh Province build infrastructure for industrial parks (IPs) for small and medium-size enterprises  

Data from the Hoa Binh Department of Industry and Trade show that the province, located about 80km southwest of Hanoi, currently has 13 IPs. Four were funded by private firms and nine by the people’s committees of districts and the city of Hoa Binh. From 2007-2015, the province invested VND60.2 billion in IP infrastructure development, VND20.7 billion from the state budget, and VND39.5 billion from the business community. However, most of the sum was used for site clearance.

For the period from 2016 to 2020, Hoa Binh is promoting economic restructuring to increase the percentage of industries and services in the provincial gross domestic product. So far, it has built infrastructure for six of the IPs, thereby contributing to boosting industrial and craft production and generating jobs for local people.

However, further investment in the construction of infrastructure for IPs in Hoa Binh remains stagnant. Some investment projects have been delayed for a long time. Many IPs still lack infrastructure facilities, such as accommodations for workers and other public works.

According to the provincial department of industry and trade, Hoa Binh has taken specific measures to promote investment in IP development. The province has provided financial support for companies that move from residential areas to IPs. It has also built infrastructure and prepared detailed plans for IPs, using the central and local budgets according to mechanisms that have been approved.

The province will apply appropriate policies to encourage additional businesses from all economic sectors to invest in the construction of infrastructure for IPs so that they can attract investment projects of high socioeconomic effectiveness. Administrative procedures will be simplified, focusing on those related to land rent, construction and environmental management. Technical infrastructure and service facilities outside IPs will also be built to attract investors, officials say.

The action plan for the next few years also includes tightening pollution inspection and control, setting up environmental management systems for IPs, and assisting businesses in applying new technologies to minimize environmental pollution. Greater attention will be paid to improving waste and surface water drainage. More public service facilities will be built.

Manufacturing facilities will be isolated from residential areas in accordance with existing standards, and greenery will be added.
The provincial leadership hopes these efforts will help Hoa Binh bring into play its advantages and make the most of its resources to create a breakthrough in IP development, enhancing the competitiveness of the provincial industrial sector in an era of international integration.

Viet Nga