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.
A chilli
pepper cultivation area in Dan Chu ward, Hoa Binh city.
In recent years, several enterprises have worked
together to develop chilli pepper value chain. After piloting a three-hectare chilli plantation
in residential area No.4, Dan Chu ward, Hoa Binh city, Tien Ngan company spent
nearly 1 billion VND (39,800 USD) on agricultural covers, irrigational system,
seedlings and fertilisers.
Nguyen Le Diep, Director of the firm, said after
shipping products to several foreign markets, his company studied the others,
particularly the RoK which has a great demand for pickled chilli pepper.
After being harvested, chilli peppers were
processed and pickled in accordance to the formula given by Tomas Company – its
partner in the RoK.
Engaging in the chilli pepper production chain
in Hoa Binh city since the end of 2023, Dinh Quoc Chinh, a resident in Dan Chu
ward, has harvested high-quality chilli peppers. He said the chilli pepper is easy to plant as it
has good growth and disease-resistance ability, adding it should be cultivated
on friable soil, protected with agricultural covers and impregnated with
organic fertilisers.
According to Chinh, thanks to its good quality,
farmers have enjoyed stable prices, encouraging local residents to transform
crop production structure to improve income. His family wants long-term
cooperation with their Korean partners and Tien Ngan company so as to promote
cultivation in line with organic standards.
RoK firms said that they need 4,000 tonnes of
pickled chili peppers each year. Therefore, Hoa Binh province plans to expand
its chilli pepper farming area to about 50 hectares for export, mostly in Luong
Son, Lac Thuyand Kim Boi districts as well as Hoa Binh city.
According to Director of the provincial
Department of Cultivation and Plant Protection Nguyen Hong Yen, Tien Ngan
company’s pickled chilli peppers met all requirements of the importer, which is
a robust sign that will boost local agricultural production in the coming time. Exporters are encouraged to invest in production
belts and technologies for intensive processing to enhance productivity and
improve values of their goods, he said.
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.
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.
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.
