(HBO) - The provincial People’s Committee of Hoa Binh province has recently approved a project to develop local key farm produce during 2020-2025 with a vision until 2030, with a view to boosting local trade and enhancing exports.
Banana of Viba banana cooperative in Luong Son district’s Lien Son commune is recognised as a three-star OCOP product at the provincial level. The cooperative’s banana is cultivated under VietGAP standards, and it is striving to bring its banana to the world.
Accordingly, the province will develop its staples on the back of the fourth Industrial Revolution’s achievements, with focus placed on processing to improve their quality, added values, and competitive capacity. Besides, it will develop brands in tandem with environmental protection and sustainable development, and capitalise on free trade agreements, such as CPTPP and EVFTA, to expand markets.
The move aims to achieve an average export growth of key products by 18 percent during the 2021-2025 period, and 20 percent during 2026-2030.
Hoa Binh province targets 55 million USD from shipments of the products in 2025, and 137 million USD by 2030. The key agricultural products are envisaged to contribute 3.17 percent to the province’s total export revenue by 2025, and the figure will increase to 3.92 percent by 2030.
The products are expected to be shipped to traditional markets of Vietnam such as the US (accounting for 20 percent of total exports), the EU (25 percent), China (15 percent), Japan (10 percent) and the Republic of Korea (10 percent), and other markets (15 percent).
A wide range of measures have been outlined to achieve the set targets, with focus on trade promotion activities; policies to attract foreign investment to access state-of-the-art technologies and advanced management skills, and join the global value chains; application of cutting-edge cultivation methods; and development of efficient production models.
The provincial People’s Committee asked the Department of Industry and Trade to join hands with competent departments, sectors, and People’s Committees of districts and Hoa Binh city to work out mechanisms and policies to develop markets for agricultural products.
They are ordered to build brands and intellectual property as well as work to improve added-value chains for several agricultural products. Furthermore, they must carry out programmes to develop high-quality agriculture in line with planning to create abundant supply of raw materials, and products having competitive advantage for export./.
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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