(HBO) – The Hoa Binh Party Committee on November 29 had a meeting with leaders of the VinaCapital Group regarding the latter’s proposal to research and invest in a project in the province. Present at the event were Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the provincial Party Committee; Bui Duc Hinh, Standing Deputy Secretary of the provincial Party Committee and Chairman of the provincial People's Council; Bui Van Khanh, Deputy Secretary of the provincial Party Committee and Chairman of the Provincial People's Committee; and Quach Tat Liem, Vice Chairman of the provincial People's Committee; among others.
Delegates discuss opportunities for investment in the Hoa Binh lake area.
VinaCapital Group representatives introduce the group's urban and tourism products.
On behalf of the provincial leaders, Long informed the guests on Hoa Binh’s socio-economic situation. Hoa Binh is located at the gateway of the northwest region, adjacent to Hanoi, and part of the planning of the capital and northern key economic regions. The province has diverse and rich natural conditions, and abundant opportunities for investment and development across fields. It identified four spearheaded sectors for growth, namely high-tech industry, clean agriculture, tourism services, and urban development. The Hoa Binh Lake, approved by the Prime Minister to be developed into a key national tourist area, offers an opportunity to develop tourism types based on the local natural landscape, lake ecosystem, and ethnic identity.
The official expressed his hope the group will study the area for future investment, and work to develop high quality tourism products. VinaCapital Group, a leading real estate investor in Vietnam, has so far implemented projects in 11 provinces and cities across the country.
At the meeting, a series of investment opportunities were tabled, including the construction of a resort complex on Hoa Binh Lake, a 4-star standard hotel in Hoa Binh city, and a garden resort, among others.
Chairman of the provincial People’s Committee Bui Van Khanh pledged favourable conditions for investors in terms of administrative procedure and incentives./.
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.
