Determining that attracting investment is an important task in the socio-economic development, in recent years, Hoa Binh province has implemented many specific solutions to improve the environment of the business investment and supported in overcoming the difficulties for the businesses and investors, promoting the investment attraction into the province.
In 2023, there were 37
off-budget capital projects approved by the province with a total registered
investment capital of about 12,600 billion VND. At the same time, there were 30
projects whose investment policies were adjusted; 10 projects were terminated
and 5 projects were temporarily suspended.
Being accumulated by the
end of 2023, there were 708 projects in the province, including 37 projects
with the foreign direct investment with a total registered capital of about 668
million USD and 671 projects with the domestic investment with a registered
capital of about 668 million USD. 250,000 billion VND; There were 5 new
projects investing in the industrial parks.
The projects put into
operation have not only created jobs for the local employees but they have also
contributed to the economic restructure, making important contributions to the
province's budget revenue. In 2023, the revenue from production and business
activities of the enterprises in the industrial parks was estimated to reach
22,000 billion VND, increasing 6% compared to the same period last year,
reaching 100% of the assigned plan; creating new jobs for 1,760 people.
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.