(HBO) - Hoa Binh province is currently home to more than 900 enterprises and 30,000 households doing business in trade, services and tourism. Among them, nearly 3,000 companies have applied IT to transactions.
The Son Thuy JSC, based in Mong Hoa commune of Hoa Binh city, produces
film-coated plywood for export to the Republic of Korea, which has contributed
to the province’s export revenue.
Investors are always welcomed to the province to explore
business opportunities. So far, Hoa Binh has accommodated 565 projects,
including 40 foreign direct invested projects worth a combined 573.3 million
USD, and 525 domestic ones with a total registered capital of almost 71.40
trillion VND (3 billion USD).
Active international economic integration has
greatly helped to promote local industrial production since 2015. Some key
industries and the sectors Hoa Binh has strength in have sustained their
development. The industrial production value grows by 16.71 percent annually
while the index of industrial production rises by about 10.5 percent. Industry
has become the main export driving force, accounting for over 91 percent of the
province’s total overseas shipments.
Besides, the implementation of the agricultural
restructuring plan, which is meant to improve added value and achieve
sustainable development, has proved fruitful. The provincial People’s Committee
has ordered the agricultural sector to review and build development plans for
each of the key plants and animals so as to boost products’ competitiveness in
the integration period.
The enhanced economic restructuring has fueled
trading activities, thus raising export-import turnover and expanding markets.
Hoa Binh estimates its trade turnover at nearly 6.83 billion USD for the 2016 –
2020 period, including 3.28 billion USD in exports and 2.74 billion USD in
imports, respectively rising 30 percent and 27 percent.
Goods have been traded in various forms such as
direct export, entrusted export and export to non-tariff zones. Aside from
shipments to traditional markets like Southeast Asia, the Republic of Korea and
China, local businesses have also accessed demanding markets like Australia,
Canada, Japan and the EU.
Economic, cultural and social exchanges with
other countries have also become a focus of attention. Hoa Binh has signed 11
agreements and memoranda of understanding with foreign partners such as
Habitat, World Vision, Action on Poverty and AEA organisations; Marvin group,
KV Consulting Co. Ltd, Hanbaek Construction Co. Ltd; and Gimje city of
Jeollabuk province and Ulji district of Ulsan city (the Republic of Korea). The
province has also been effectively realising its commitments and agreements
signed with organisations, agencies and localities of Laos and Mongolia.
Over the past years, international economic
integration has strongly influenced local socio-economic development, helping
Hoa Binh increase per capita income and maintain GRDP growth which stood at
about 9.05 percent in 2019./.
(HBO) - The Hoa Binh Cooperative Alliance on December 25 organised a supply-demand connection conference, attracting the participation of 30 cooperatives and 150 delegates representing 30 retailers and distributors of farm produce in the province.
(HBO) - The 3-star OCOP product at the provincial level, Da Bac vermicelli from Yen Ly multi-professional cooperative, is one of the specialties of Cao Son highland commune (Da Bac). Da Bac vermicelli is processed according to the food safety process, made from 100% pure starch without impurities, whitening detergents, preservatives. ... When enjoying the product, you can feel the flexibility, aroma and sweetness of each vermicelli.