Hoa Binh is investing 3,188,4 billion Vietnamese Dong to implement four tourism service projects.

DNHN - During the years 2021 to 2025, the province of Hoa Binh invested heavily in construction to become a major tourist center of the Northern Midlands and Mountains and an attractive destination for tourists from the Greater Hanoi area.

Hoa Binh province has implemented four projects in the tourism services sector with a total investment of 3,188,4 billion VND between 2021 and 2025; the number of medium-term investment capital plans for these projects is 251,697 billion VND. The provincial budget capital is 96 billion VND, while the central budget capital is 155,697 billion VND. The capital budget allotted for projects between 2021 and 2023 is 187,496 billion VND.

Consequently, the province of Hoa Binh has prioritized the development of several integrated product groups, including the Hoa Binh lake resort and sport area, the Mineral Spring Tourist Area, and the Mai Chau valley tourist area. Developing tourism under four main themes, including Unspoiled nature and outdoor activities, such as cycling, extreme sports (climbing, paragliding), and water sports (boating); Cultural tourism, focusing on cultural experiences of ethnic minorities, such as Muong, Thai, and Mong, watching performances of real-life scenes..; Ecotourism, emphasizing the preservation of natural resources and the promotion of ecotourism. Taking care of health and convalescence, constructing luxurious resorts, and maximizing the value of the province's mineral water; The province of Hoa Binh has become a hub for a variety of sports activities as a result of the province's emphasis on investing in the development of golf courses. Develop thematic tourism products, such as sightseeing, research, cultural, and historical tourism; tourism associated with festivals and beliefs; community tourism; tourism associated with traditional craft villages; ecotourism, relaxation, and sports.

Efforts to attract investment to tourism projects are being promoted. In the period from 2021 to June 2023, Hoa Binh province has 138 newly licensed investment projects, including 16 investment projects in the field of tourism, trade, and services with a total capital registered of about VND 6,313 billion, accounting for about 11.59% of the total number of projects and 7.42% of the total registered capital of newly licensed projects in the period. In addition, there are six investment projects in infrastructure, urban areas, and ecotourism with a total investment capital of approximately 17,535 billion VND (Vienna Ecological and Entertainment Urban Area Project). South; the project of Eco-urban area, high-end hot mineral resort Ho Kha; High-end ecological urban area, resort and entertainment in Hill Thung; Complex of ecological urban areas, high-end entertainment and the Cuu Ha cable car system; Garden villas, afforestation combined with ecotourism in Mong Hoa commune, Hoa Binh city, and the Golden farm luxury garden project). The majority of projects are executing land procedures. Hoa Binh province has accumulated 166 investment projects in tourism, trade, and services with a total registered capital of approximately 27,091 billion VND.

In recent years, the province of Hoa Binh has also attracted official development assistance (ODA) capital and preferential loans from foreign donors for tourism-related projects, including the following: Development Project Developing tourism infrastructure in Hoa Binh province (in Decision No. 1016/QD-TTg dated August 30, 2022, of the Prime Minister). Subproject on Construction and upgrading of tourism infrastructure at Tien Pagoda relic area, Phu Lao commune, Lac Thuy district, Hoa Binh province, as part of the project "Development of tourism infrastructure to support regional comprehensive growth Greater Mekong sub-region - phase 2", ADB loan. The total amount is 10,384,000 USD, which is equivalent to 234,408,000,000 VND (according to Decision No. 2107/QD-UBND of the provincial People's Committee dated September 30, 2019).

Duc Phuong – Hoa Binh Office of Representation