(HBO) - Hoa Binh province has worked to step up economic integration, improve business climate in a bid to increase strength and capitalise on favourable conditions to expand markets and make breakthroughs in sustainable development
Over the years, due attention has been paid to communications on
foreign policies and international integration of the Party and State
as well as the province’s achievements in socio-economic development and
culture, thus contributing to drawing foreign organisations and firms to
explore investment and business opportunities in the locality.
Esquel garment-textile company located at the Luong
Son industrial park greatly contributes to the province’s export revenue.
The province has issued numerous programmes and plans on the implementation of
free trade agreements (FTA) with links to the Comprehensive and Progressive
Agreement for Trans-Pacific Partnership (CPTPP), the EU-Vietnam FTA (EVFTA) and
other important documents on external relations.
The provincial People’s Committee has devised plans on legal support for
businesses, arranged programmes and events on legal issues and contents of Law
on Investment and the revised Law on Enterprises.
It has also built a database and sent officials to relevant agencies to help
with legal support and consultation in business operations for firms and
individuals.
To improve the investment climate, the Hoa Binh People’s Committee holds
regular meetings with firms, co-operatives, dialogues with businesses and
investors of projects with huge influence on the provincial socio-economic
development so as to address their difficulties.
The province is now home to 49 export-import firms, including 26
foreign-invested ones.
To increase exports-imports, the People’s Committee has paid heed to market
development and trade promotions; completed policies on trade, finance, credit
and investment in export items; and sought to identify a list of commodities of
potential and competitive edge.
In the 2016-20, the province enjoyed a constant rise with an annual average
growth rate of 28.5 percent.
Export revenue in the first six months was estimated to near 578.88 million
USD, a year-on-year surge of 29.64 percent.
The province imported goods worth 104.98 million USD in the period, up 25.7
percent from the same period last year./.
Currently, Luong Son district counts 905 business establishments operating in industry and handicraft, helping generate jobs and stable incomes for local labourers.
Hoa Binh scored the highest points in two out of the eight indicators of the Public Administrative Reform (PAR) Index ranking in 2023 that the Ministry of Home Affairs announced on April 17.
A working delegation from Hoa Binh province led by Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Bui Van Khanh is attending a programme to popularise Vietnamese products in the US and Canada on April 20-28.
Anyone found to be encroaching upon the forest, even if it is just one bamboo shoot, will face penalties. This commitment has been unanimously added into the covenant of Bua Cau hamlet, Hung Son commune in Kim Boi district, to protect the forest.
The Hoa Binh Power Corporation (PC Hoa Binh) has applied synchronous measures to gear up for the coming summer season when power consumption demand surge may cause a risk of power supply disruption.
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