(HBO) - Hoa Binh province has worked to step up economic integration, improve business climate in a bid to increase strength and capitalise on favourable conditions to expand markets and make breakthroughs in sustainable development

Over the years, due attention has been paid to communications on foreign policies and international integration of the Party and State

as well as the province’s achievements in socio-economic development and culture, thus contributing to drawing foreign organisations and firms to explore investment and business opportunities in the locality.


Esquel garment-textile company located at the Luong Son industrial park greatly contributes to the province’s export revenue.

The province has issued numerous programmes and plans on the implementation of free trade agreements (FTA) with links to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the EU-Vietnam FTA (EVFTA) and other important documents on external relations.

The provincial People’s Committee has devised plans on legal support for businesses, arranged programmes and events on legal issues and contents of Law on Investment and the revised Law on Enterprises.

It has also built a database and sent officials to relevant agencies to help with legal support and consultation in business operations for firms and individuals.

To improve the investment climate, the Hoa Binh People’s Committee holds regular meetings with firms, co-operatives, dialogues with businesses and investors of projects with huge influence on the provincial socio-economic development so as to address their difficulties.

The province is now home to 49 export-import firms, including 26 foreign-invested ones.

To increase exports-imports, the People’s Committee has paid heed to market development and trade promotions; completed policies on trade, finance, credit and investment in export items; and sought to identify a list of commodities of potential and competitive edge.

In the 2016-20, the province enjoyed a constant rise with an annual average growth rate of 28.5 percent.

Export revenue in the first six months was estimated to near 578.88 million USD, a year-on-year surge of 29.64 percent.

The province imported goods worth 104.98 million USD in the period, up 25.7 percent from the same period last year./.


 


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