(HBO) – The northern mountainous province of Hoa Binh exported its first batch of more than 17 tonnes of fresh sugarcane to the US- the world most demanding market in late March this year, raising a high hope for a flourish prospect for the sector in penetrating to more foreign markets in the time ahead.
The first fresh sugarcane shipment is made after six months of negotiations between the Tien Ngan Trade and Investment Company and its US partner.
The first fresh sugarcane shipment was made after six months of negotiations between the Tien Ngan Trade and Investment Company and its US partner, with support from the provincial Department of Agriculture and Rural Development and the Plant Protection Department.
Recognising the potential of the plant, since 2021 the company has sought ways to expand sugarcane products. Notably, the company exported 10 tonnes of the juice to Germany in the same year. Following initial success, the company shipped nearly 100 tonnes of sugarcane to the EU and the Republic of Korea (RoK) in 2022. It expects to export between 300 and 500 tonnes of fresh sugarcane this year.
Nguyen Le Diep, Director of Tien Ngan Trade and Investment Company, said in order to export more sugarcane products in the coming time, the company is studying to diversify exports to foreign markets.
Nguyen Hong Yen, Director off the sub-department of cultivation and plant protection, said since 2019, the province’s sugarcane products have started to gain popularity in many regions nationwide as well as international markets such as Japan, the RoK, the EU and UK.
The increasing orders over years has proved quality, food safety control, plant quarantine, preliminary processing, packaging and preservation of the product. The province's sugarcane products have reached and established a strong foothold in fastidious markets, especially in the context that each market applies its own regulations in processing, packaging, and labeling specification, among others, he noted./.
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.
