On July 7, Prime Minister Pham Minh Chinh attended the conference “Announcing the Master Plan for the 2021-2030 period, with a vision towards 2050, and promoting investment in Hung Yen province in 2024” in Hung Yen.
At the conference, the Minister of Planning and Investment presented Decision No. 489/QD-TTg, dated June 10, 2024, of the Prime Minister, approving the Master Plan to the provincial leaders.
Also at the conference, the Ministry of Planning and Investment and the People’s Committee of Hung Yen province granted investment registration certificates and investment policy approval decisions for 24 projects with a total capital of 760 million USD and VND 10,000 billion in the fields of industrial infrastructure, urban areas, commerce, electronics, logistics, furniture, electronic components, and mechanics to domestic and foreign investors.
HUNG YEN HAS GREAT POTENTIAL FOR A BREAKTHROUGH
In his speech at the conference, Prime Minister Pham Minh Chinh highly appreciated the close coordination and thorough preparation of the event by Hung Yen province, the Ministry of Planning and Investment, and related agencies. He commended the combination of announcing the master plan and promoting investment in the province, reflecting a strategic vision and a scientific and well-organized approach. He also acknowledged the special attention given by businesses and investors to this significant event.
After analyzing the position, role, importance, requirements, perspectives, guiding thoughts, and key tasks of planning in general, the Prime Minister shared that since the beginning of the 13th term, great efforts have been made in planning, resulting in remarkable achievements. A total of 110 out of 111 national, regional, sectoral, and provincial planning schemes have been completed in terms of formulation, appraisal, and approval.
The Prime Minister suggested that Hung Yen province should further promote innovation, science, and technology, along with a higher, farther, and broader vision, in addition to its natural conditions, geographical location, human resources, and historical and cultural traditions.
Regarding geographical location, the Prime Minister pointed out that “Hung Yen has many areas that are closer to Hanoi than Hanoi itself.” The province is centrally located in the Red River Delta, but to capitalize on this advantage, three critical transportation routes are necessary to bring Hung Yen closer to Hanoi, Hai Phong, other major economic centers, and the southern provinces of the Red River Delta.
These include the recently inaugurated route connecting Hanoi-Haiphong Expressway with Phap Van-Cau Gie Expressway, the newly commenced Tan Phuc-Vong Phan route, and the Red River Heritage Route, which is expected to commence construction by the end of 2024.
While acknowledging the province’s achievements, the Prime Minister also pointed out some existing challenges and limitations, including the underutilization of its potential and advantages, especially in regional linkage; the insufficient integration of science, technology, and innovation as a powerful driver of development; the need for higher-quality human resources; the lack of large enterprises with strong brands and competitiveness; the necessity for more effective administrative reforms; and more efficient management and utilization of land, resources, and the environment. He cited the example of pollution in the Bac Hung Hai River, which needs to be addressed in the future.
THE MASTER PLAN HIGHLIGHTS HUNG YEN’S UNIQUENESS AND STRENGTHS
The Prime Minister commended the meticulous and scientific preparation of Hung Yen’s Master Plan, developed with a breakthrough vision and a long-term perspective. The plan was crafted based on maximizing the province’s unique potential, outstanding opportunities, and competitive advantages derived from its natural endowments, human resources, traditions, culture, and history, while also preserving its heritage and promoting development.
The Master Plan has successfully operationalized Resolution No. 30-NQ/TW dated November 23, 2022, of the Politburo on socio-economic development, ensuring national defense and security in the Red River Delta region by 2030, with a vision towards 2045. It reflects the province’s aspirations and makes an important contribution to realizing the goal of building a prosperous, modern, civilized, and happy Hung Yen.
“The Master Plan identifies the distinctive and outstanding aspects of Hung Yen compared to its neighboring provinces, thereby promoting development that is not overlapping but interconnected and mutually supportive,” the Prime Minister evaluated.
The Master Plan has clearly defined its goals: by 2030, Hung Yen aims to become a modern industrial province, ranking among the leading provinces in the country in terms of economic scale and development level; and by 2050, it aspires to become a centrally-governed city, a smart city that is prosperous, beautiful, civilized, culturally rich, and a great place to live in the Red River Delta region.
The Prime Minister suggested that Hung Yen province should focus on the principle of “1 concentration – 2 strengthening – 3 promotion.”
“1 concentration” refers to concentrating resources and utilizing them effectively to boost traditional growth drivers (investment, exports, and consumption) and creating breakthroughs in new growth drivers (green economy, digital economy, circular economy, sharing economy, knowledge-based economy, climate change response, and sustainable development, etc.).
He emphasized, “Industrial zones should selectively attract high-tech investments to enhance workers’ skills, productivity, and income, thereby improving the material and spiritual lives of the people.”
“2 strengthening” includes: (1) Strengthening investment in human development (improving people’s knowledge, training high-quality human resources, nurturing talents, ensuring social welfare, and promoting social equity and progress); and (2) Strengthening regional connectivity within the country and internationally through transportation systems and production and supply chains…
“3 promotion” entails: (1) Promoting the development of strategic and comprehensive infrastructure (transportation, digital transformation, healthcare, education, and social infrastructure, etc.); (2) Promoting the development of industries serving processing, manufacturing, and supply chains, especially in sectors where the province has strengths, while maximizing its unique potential, outstanding opportunities, and competitive advantages; and (3) Promoting the application of science, technology, and innovation to create jobs and sustainable livelihoods for the people.
To support Hung Yen in effectively implementing the Master Plan, the Prime Minister requested that central ministries and sectors accompany and promptly address the recommendations and proposals of Hung Yen province, its people, and businesses.
The Prime Minister welcomed the investors who have chosen Hung Yen and requested them to operate within the framework of the law, uphold business culture and social responsibility, ensure favorable policies for workers, actively contribute to policy refinement, human resource training, capital support, governance capacity enhancement, and technology transfer, and develop long-term and sustainable business strategies while honoring their investment commitments and cooperation agreements in the spirit of “harmonizing interests and sharing risks.”
The Prime Minister emphasized the spirit of “listening together, understanding together”; “sharing vision and action”; and “working together, winning together, enjoying together, and developing together” among the State, businesses, and the people.
He expressed his belief that with its heroic revolutionary tradition, the strong development momentum of recent years, the support of central ministries and sectors, and the active participation of the investor community, businesses, and the people, Hung Yen province will live up to its vision and aspirations, as outlined in the announced Master Plan. He is confident that the province will achieve rapid and sustainable development, becoming a modern industrial province and ranking among the leading provinces in the country in terms of economic scale and development level.
Choose La Mia Bao Loc – Embrace a Fulfilling Life with an Ideal Green Living Standard
Not just a perfect blend of art and inspired Italian-style resort, La Mia Dalat also effortlessly brings each resident to the standards of peaceful living, well-being, and balanced body-mind-soul.
The Power of Lizen: Consistently Winning Massive Bids
Lizen has achieved a significant milestone by successfully deploying and implementing major high-speed construction projects in 2023. The company’s revenue has reached 2,030.5 billion VND, which is twice the amount compared to 2022. However, the post-tax profit has reached its lowest point in the past 6 years, dropping down to only 118.3 billion VND.
Choose stocks for “Tet” festival celebrations
Investors should consider choosing stocks in the banking industry with good profitability, healthy real estate, and abundant clean land reserves. In addition, the group of stocks in infrastructure investment, iron and steel, and construction materials should also be considered.
Top Investment Channels for 2024: Safe and Profitable
2023 is a year full of volatility in the global financial market. Against this backdrop, many investors are interested in gold as a store of assets.
Chinese citizens flock to buy 280 tons of gold, realizing real estate and stocks are no longer a good investment channel
Regardless of the global decline in demand for gold, the purchasing power of Chinese citizens has propelled the price of gold to surpass the $2,000 per ounce threshold in 2023.
