(HBO) – Over the past three decades since it was re-established, Hoa Binh province has taken major steps in the "Doi Moi” (Renewal) period, with imprints in foreign affairs that aimed to strengthen relations with foreign countries, organisations and localities and foster people-to-people diplomacy. The move was expected to take advantages of external resources for development.
Japan-invested R
Vietnam Technical Research Ltd. Co., located at Da River Left-bank Industrial
Park, is among the largest contributors to Hoa Binh’s total exports.
The province has diversified ways of communications and promotion to better
introduce its potential, strengths and orientations among local and foreign
people.
Hoa Binh plays an active role in international economic integration as it has
issued a number of programmes and plans for the implementation of free trade
agreements (FTAs), including the Comprehensive and Progressive Agreement for
Trans-Pacific Partnership (CPTPP) and the EU-Vietnam FTA (EVFTA).
The province has been on the right track to fulfill commitments and agreements
signed with a number of international organisations, such as World Vision,
ChildFund and Germany’s reconstruction bank KfW. The commitments and agreements
have been strictly enforced as part of the province’s efforts to lure more
investment and funding.
Hoa Binh has also been focusing on improving the local business climate and
accelerating public administrative reforms. The province has given priority to
develop infrastructure and human resources in order to meet needs for growth
and international integration.
The province is currently home to 49 exporting and importing businesses, 26 of
which are foreign-invested, accounting for 53 percent of the total. The
foreign-invested firms are the main driver of the province’s foreign trade,
contributing more 80 percent of the total exports.
Its open policy to welcome foreign investment has provided a momentum for the
local economy. From 2016-2020, Hoa Binh’s foreign trade grew 28.5 percent on
average annually, with the United States, the United Kingdom, the Republic of
Korea, Japan and China being its largest importers.
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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