(HBO) – External relations of Hoa Binh province are being expanded and developed in a substantive and effective manner, helping mobilise and capitalise on resources for sustainable socio-economic development as in line with the resolution of the 17th provincial Party Congress (2020 - 2025 tenure). The province has held many meetings and working sessions with partners and organisations in and outside the province to bolster investment cooperation.
The Japanese-invested Bandai Vietnam Co. Ltd, based in
the Da River Left Bank Industrial Park of Hoa Binh city, has been operating
stably and providing jobs for a large number of local residents.
In mid-July, the provincial Party Committee and
People’s Committee in coordination with the Vietnamese Embassy in Thailand
organised an investment, trade and tourism promotion conference in Bangkok,
Thailand. This conference, the first Hoa Binh province had ever held in
Thailand, attracted the participation of many Thai organisations and
associations.
Also in July, a provincial delegation paid a
working visit to Tuv province of Mongolia to discuss cooperation in various
areas and help the two sides’ businesses explore partnership opportunities.
Enterprises of Hoa Binh expressed their hope to cooperate with Tuv in tourism;
export wood items and farm produce such as medicinal materials, essential oil,
oranges, and pomelos to Mongolia; and import goat and horse meat, mutton,
materials and products made from animal pelts and hides from this country.
Over the recent past, the provincial Party Committee
and People’s Committee have led and directed the concerted, creative, and
effective implementation of activities to enhance external relations in order
to attract investment and garner resources for socio-economic development.
Thanks to that, Hoa Binh’s solidarity, friendship, and cooperation with foreign
countries have been increasingly expanded and strengthened, thus generating
practical benefits.
Hoa Binh is implementing commitments and
agreements with such foreign localities as Luang Prabang and Houaphanh
provinces of Laos, Tuv province of Mongolia, Gimje city of Jeollabuk province
and Ulju district of Ulsan city in the Republic of Korea (RoK). All the
agreements are in line with Hoa Binh’s orientations for socio-economic
development and international cooperation expansion.
External economic activities have substantially
contributed to the shift in the local economic structure.
At present, there are 65 exporting and importing
enterprises in the province, comprising 17 trading in electronics, 20 in
textile and garment, two in metal products, nine in farm produce, and 17 in
other commodities.
Meanwhile, Hoa Binh is currently home 731
investment projects, including 37 foreign direct investment (FDI) ones worth 608
million USD and 694 domestic ones worth almost 201.8 trillion VND (8.4 billion
USD). Foreign enterprises, especially those from Japan and the RoK, are
recording fruitful production and business activities, thereby greatly
contributing to the province’s exports, State budget collection, and job
creation for locals.
There are currently 12 programmes and projects
funded with official development assistance (ODA) in the province, including
eight being implemented and four calling for ODA. Their total investment is estimated
at over 12 trillion VND.
Besides, Hoa Binh also houses 39 programmes and projects of
16 foreign non-governmental organiations, development cooperation agencies, and
sponsors. With 31.77 million USD in committed capital, they are carried out
mainly in the areas with socio-economic disadvantages, focusing on rural
development, health care, education, clean water supply, environmental hygiene,
and social affairs.
Implementing the Party’s policies on external
relations, Hoa Binh has proactively established relations and reinforced
cooperation with many international organisations so as to attract investment,
call for assistance, popularise the province’s images, and promote its stature
in the eyes of domestic and international friends./.
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.
