(HBO) – External relations of Hoa Binh province are being expanded and developed in a substantive and effective manner, helping mobilise and capitalise on resources for sustainable socio-economic development as in line with the resolution of the 17th provincial Party Congress (2020 - 2025 tenure). The province has held many meetings and working sessions with partners and organisations in and outside the province to bolster investment cooperation.
The Japanese-invested Bandai Vietnam Co. Ltd, based in
the Da River Left Bank Industrial Park of Hoa Binh city, has been operating
stably and providing jobs for a large number of local residents.
In mid-July, the provincial Party Committee and
People’s Committee in coordination with the Vietnamese Embassy in Thailand
organised an investment, trade and tourism promotion conference in Bangkok,
Thailand. This conference, the first Hoa Binh province had ever held in
Thailand, attracted the participation of many Thai organisations and
associations.
Also in July, a provincial delegation paid a
working visit to Tuv province of Mongolia to discuss cooperation in various
areas and help the two sides’ businesses explore partnership opportunities.
Enterprises of Hoa Binh expressed their hope to cooperate with Tuv in tourism;
export wood items and farm produce such as medicinal materials, essential oil,
oranges, and pomelos to Mongolia; and import goat and horse meat, mutton,
materials and products made from animal pelts and hides from this country.
Over the recent past, the provincial Party Committee
and People’s Committee have led and directed the concerted, creative, and
effective implementation of activities to enhance external relations in order
to attract investment and garner resources for socio-economic development.
Thanks to that, Hoa Binh’s solidarity, friendship, and cooperation with foreign
countries have been increasingly expanded and strengthened, thus generating
practical benefits.
Hoa Binh is implementing commitments and
agreements with such foreign localities as Luang Prabang and Houaphanh
provinces of Laos, Tuv province of Mongolia, Gimje city of Jeollabuk province
and Ulju district of Ulsan city in the Republic of Korea (RoK). All the
agreements are in line with Hoa Binh’s orientations for socio-economic
development and international cooperation expansion.
External economic activities have substantially
contributed to the shift in the local economic structure.
At present, there are 65 exporting and importing
enterprises in the province, comprising 17 trading in electronics, 20 in
textile and garment, two in metal products, nine in farm produce, and 17 in
other commodities.
Meanwhile, Hoa Binh is currently home 731
investment projects, including 37 foreign direct investment (FDI) ones worth 608
million USD and 694 domestic ones worth almost 201.8 trillion VND (8.4 billion
USD). Foreign enterprises, especially those from Japan and the RoK, are
recording fruitful production and business activities, thereby greatly
contributing to the province’s exports, State budget collection, and job
creation for locals.
There are currently 12 programmes and projects
funded with official development assistance (ODA) in the province, including
eight being implemented and four calling for ODA. Their total investment is estimated
at over 12 trillion VND.
Besides, Hoa Binh also houses 39 programmes and projects of
16 foreign non-governmental organiations, development cooperation agencies, and
sponsors. With 31.77 million USD in committed capital, they are carried out
mainly in the areas with socio-economic disadvantages, focusing on rural
development, health care, education, clean water supply, environmental hygiene,
and social affairs.
Implementing the Party’s policies on external
relations, Hoa Binh has proactively established relations and reinforced
cooperation with many international organisations so as to attract investment,
call for assistance, popularise the province’s images, and promote its stature
in the eyes of domestic and international friends./.
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.
