The Government of the Republic of Korea (RoK) will provide a non-refundable aid package worth US$5.5 million to help Vietnam carry out a project on upgrading and developing the national investment information system for 2018-2021.
At the signing ceremony of
the record of discussions. (Source: baodauthau.vn)
A memorandum of understanding to this effect was signed between Vietnam’s Ministry of Planning and Investment
(MPI) and the Korea International Cooperation Agency (KOICA) in Hanoi on May 3.
The US$ 6.2 million project aims to
improve the ministry’s capacity for collecting, managing and analysing national
database on investment, while providing online public services for investors.
It is also seen as a tool assisting
localities in granting investment licences and managing projects.
MPI Deputy Minister Vu Dai Thang said
the two sides committed to ensuring the progress of the project in order to
contribute to promoting foreign direct investment (FDI) in Vietnam, and strengthening cooperation between Vietnam and the
RoK.
According to the MPI’s Foreign Investment Agency, Vietnam
has to date attracted 25,524 FDI projects valued at nearly US$ 320 billion.
The RoK takes the lead among 126
countries and territories investing in Vietnam, with more than 6,800
project worth over US$ 59 billion.
In the first four months of this year, the RoK
invested and expanded investments in about 420 projects with total capital of
more than US$ 2.3 billion, the agency said.
Source: NDO
Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.
Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.
The Hoa Binh provincial People's Committee has issued Decision No. 2767/QD-UBND announcing the rankings of departments, agencies, districts and Hoa Binh city in the Public Administration Reform Index (PAR) and the Satisfaction Index of Public Administration Services (SIPAS) in 2024.
The cultivation of Dam Xanh fish (Bangana lemassoni), a unique fish species, has seen remarkable growth in Mai Chau district, thanks to its high economic value and effectiveness. Initially concentrated in Van Mai commune, farming has now extended to four other communes, namely Mai Hich, Mai Ha, Chieng Chau, and Son Thuy. These areas benefit from pristine underground water flowing from mountain crevices, providing ideal conditions for raising this specialty fish.
In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.
In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.
