(HBO) – Boasting huge potential to develop supporting industries, agricultural processing, clean agriculture as well as various kinds of tourism products, Hoa Binh province is seeking ways to provide its excellent products and services for the capital city of Hanoi and markets in the northern key economic region.
Hoa Binh province organises many fairs and festivals to introduce its standout products while supporting local firms and cooperatives to attend such events to expand markets and promote production connection.
One of the locality’s remarkable activities in boosting regional economic connectivity is to effectively carry out cooperation deals signed with neighbouring localities, particularly Hanoi, across the fields of industry, agriculture, trade, transport and natural resources.
The provincial Department of Agriculture and Rural Development has signed a myriad of Memoranda of Understanding on agricultural production and consumption, as well as quality control with other localities and partners, including an operation regulation with Hanoi’s Trade and Tourism Promotion Centre and Department of Agriculture and Rural Development, an MoU on agricultural product sales with several business groups and organisations, and an agreement on animal quarantine and slaughtering control, as well as safe vegetable production and consumption with Hanoi Department of Agriculture and Rural Development.
The province also paid due heed to expanding markets for local products. The provincial Department of Industry and Trade signed a comprehensive cooperation programme with the Departments of Industry and Trade of Hanoi and Ha Nam province. Since 2017, it has arranged a dozen trips for local firms to attend fairs and exhibitions in Hanoi, Ho Chi Minh City, and several provinces like Thua Thien – Hue, Hung Yen, Phu Yen, Quang Ninh, Ha Nam and Tien Giang.
Besides, competent departments and agencies have exchanged information and experience on the management and building of production models in value chain with other localities. Local businesses have receive the best conditions to popularize their products.
Thanks to concerted efforts to build brands and enhance trade promotion, local products have hit the shelves of big supermarkets like Big C Thang Long, Vinmart, Lotte, Hapro Mart, Co.opmart Hanoi and Saigon Co.op, among others.
Along with signing a tourism development programme during 2017-2020 with Son La, Dien Bien and Lao Cai provinces, Hoa Binh is working with Lai Chau, Dien Bien and Son La provinces to develop a waterway tourism route along the Da River, attracting visitors from Hanoi to visit tourism sites in Hoa Binh, Son La, and Lai Chau reservoirs.
Currently, it is preparing for the signing of a similar cooperation programme with Ho Chi Minh City, and working towards tourism cooperation with the Republic of Korea, Mongolia and Laos./.
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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