A working delegation from Hoa Binh province led by Vice Chairman of the provincial People's Committee Nguyen Van Chuong held a working session with the Thai Chamber of Commerce and Industry in Vietnam (ThaiCham) on the sidelines of the "Meet Thailand" event co-hosted by the Ministry of Foreign Affairs, the Thai Embassy, and the People's Committee of Lao Cai province on August 28 in the northern mountainous province of Lao Cai.
Attending the event were leaders and staff from the Office of the Hoa Binh provincial People's Committee, the Centre for Investment, Trade and Tourism Promotion, the management board of industrial zones, and the provincial Department of Planning and Investment.
Vice Chairman of the provincial People's Committee Nguyen Van Chuong and leaders of local departments and agencies hold a working session with ThaiCham.
Chuong introduced the unique cultural identity, stunning natural landscapes and untapped potential of Hoa Binh province to the ThaiCham delegation. He expressed his hope that ThaiCham would help promote Hoa Binh's advantages to Thai organisations, businesses, investors and the public. With its proximity to Hanoi, convenient transport, dynamic governance and investment incentives, Hoa Binh offers numerous opportunities for Thai businesses, he said.
Praising Thai firms and investors for their financial strength, operational experience, compliance with local laws, and quality products, he invited them to become key partners in Hoa Binh's growth. He also affirmed the province’s unwavering support for Thai businesses and investors interested in exploring investment opportunities in Hoa Binh, in line with Vietnamese laws and regulations.
ThaiCham President Praween Wirotpan welcomed the meeting and commended the engagement between both sides. He affirmed ThaiCham's commitment to foster investment in trade, high-tech agriculture, manufacturing, and especially tourism, which are also areas where Thai enterprises excel and Hoa Binh seeks growth.
The two sides discussed and reached consensus on several cooperation topics. They expressed hope that ThaiCham's presence in Hoa Binh would bolster investment, trade and tourism ties between Vietnam and Thailand in general, and Hoa Binh province in particular.
The meeting aimed to open up new opportunities for Thai investors in Hoa Binh by providing an insight into economic policies, business conditions, and the local business environment; offering consultancy and connections to create business opportunities and promptly relaying business feedback to local authorities.
In 2024, key agricultural exports from Hoa Binh province are expected to continue, benefiting from growing demand. Several local products have been exported under international orders since the start of the year. The agricultural sector is working with local businesses and producers to ensure adequate supply for export, while also expanding the domestic market.
Despite impacts from the complicated developments in the region and the world, Hoa Binh saw good signals in import-export activities in the first half of 2024.
Promoting the application of digital technology in new-style rural area building is an important criterion, contributing to the development of agricultural and rural economy, improving people's lives, and gradually narrowing the gap in service quality between rural and urban areas.
Determining industrial development as a driving force for socio-economic development, Lac Thuy district has stepped up the dissemination work to raise awareness of officials, party members, and people of the policy of forming and developing industrial clusters, while developing resolutions and action programmes, and including them in the local socio-economic development planning on promoting the development of these clusters.
With funding from the National Target Programme for socio-economic development in ethnic minority and mountainous areas, localities in of Hoa Binh province have invested in essential infrastructure which helps improve local people's lives.
Hoa Binh city has allocated 654 million VND (nearly 26.200 USD) for supporting the protection and sustainable development of 507ha of natural forest to carry out Project 3 on sustainably developing agricultural and forestry production to tap into the potential and advantages of regions to produce goods in value chains.
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