(HBO) - Implementing the plan to improve the competitiveness of export products in the province, the provincial Party Committee and the People's Committee have directed units to focus on making products with a competitive advantage and development of those with high potential.
Photo: Midori Apparel Vietnam - Hoa Binh Co Ltd in
Luong Son Industrial Park is one of the typical enterprises effectively
implementing "dual goals", contributing significantly to the
province's export turnover.
Enterprises have taken full advantage of free trade agreements to expand
markets and boost exports, especially of high value-added products.
The province's export turnover was estimated at 73.8 million USD in August, up
15.89 percent over the previous month. The 8-month figure reached 716.3 million
USD in the first eight months of this year, a year-on-year increase of 12.85
percent. The structure of export products gradually shifted to high industrial
production, processing and manufacturing sectors.
The province's import turnover was forecast at 58.7 million USD last month, up
4.63 percent over July, raising the eight-month figure to 618.9 million USD, a
year-on-year hike of 8.48 percent./.
Appreciating the abundant potential and strengths of his hometown for tourism development, Ha Cong Hung, Deputy Secretary of the youth union of Mai Chau district’s Mai Hich commune, embarked on producing smoked meat with a desire to introduce his homeland's specialty to domestic and international tourists.
Hoa Binh farmers are investing big in their chilli pepper cultivation areas after the first batch of 7.5 tonnes of pickled chilli peppers was shipped to the Republic of Korea (RoK) by Tien Ngan Trade and Investment Co., Ltd last month.
Recognising the role and importance of developing the collective economy, the northern province of Hoa Binh has promptly issued support policies to propel the development of the economy, making important contributions to local socio-economic development.
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.
