(HBO) - A delegation of Japanese businesses led by Yuseke Shimojima from the Tokyo Chamber of Commerce and Industry came to Hoa Binh province on March 5 to learn about investment opportunities.
The working session with the delegation was attended by member of the Party Central Committee and Secretary of the provincial Party Committee Bui Van Tinh, Vice Secretary of the provincial Party Committee and Chairman of the provincial People’s Council Tran Dang Ninh, and Vice Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Nguyen Van Quang.
Through the meeting, the Japanese side aimed to gain an insight into the local situation and seek investment chances. They expressed their interest in such fields as real estate, electronic component production, and other industrial areas.
An overview of the meeting.
At the event, the two sides discussed the province’s potential and advantages, along with its investment attraction policy and opportunities. The Japanese firms studied investment incentives, prioritised fields, and human resources for investment projects.
Secretary of the provincial Party Committee Bui Van Tinh spoke highly of their interest in Hoa Binh. He suggested them consider investing in potential and strong areas of his province such as eco-tourism, cultural tourism, leisure tourism; hi-tech agriculture; industrial park infrastructure; supporting industries; new material production; and ecological residential areas.
Hoa Binh is pushing ahead with reforming its business environment. It pledges to assist businesses and investors to successfully implement their projects for the sake of sustainable development of both the province and enterprises, he added.
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.
Hoa Binh province has mobilised all resources to propel local agricultural products to make inroads into foreign markets, towards lifting the export turnover of key agricultural products to 137.8 million USD by 2030, accounting for 3.4% of the locality’s total export value of goods.
The locality aims to export farm produce to the US, the European Union, the UK, China, Japan, and the Republic of Korea.
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