(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./.
After the Lunar New Year (Tet) holidays, trade union members and workers in Hoa Binh province returned to work with an excited spirit at the beginning of the new spring. Throughout the workshops, factories and enterprises, they were full of enthusiasm, immediately getting to work, striving to excellently complete tasks and production and business targets.
Red grapefruit is a native crop of Tan Lac district, where the fertile soil and favourable climate create ideal conditions for its growth. With over 80% of the area being mountainous, at an altitude of 300-400 metres above sea level, red grapefruits here thrive on well-drained, fertile hillside soil. The region’s large temperature variation between day and night enhances the fruit's nutrient absorption. The local cultivation techniques also contribute to its uniqueness
The provincial business association recently convened a conference to review its 2024 operations and outline plans for 2025. The meeting was attended by Standing Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Bui Duc Hinh along with leaders from various departments and agencies.
Hoa Binh province is prioritising rural transportation infrastructure to improve mobility, facilitate trade, and boost socio-economic development.
The Minister of Agriculture and Rural Development has just issued Decision No. 377/QD-BNN-VPĐP approving the results of the evaluation and classification of the products of the National One Commune One Product Program in 2024 (phase 3).
As the Lunar New Year (Tet) approaches, the market becomes more vibrant than ever. In Hoa Binh province, preparations for Tet have been bustling since the 20th of the last lunar month, with an abundant supply of goods to meet the growing consumer demand.