(HBO) – The northern province of Hoa Binh introduced its potential and strengths as well as investment opportunities to British investors at an investment, trade and tourism promotion conference in London on October 11. The event saw the attendance of Vietnamese Ambassador to the UK Nguyen Hoang Long, representatives from the Vietnam Business Association in the UK (VBUK), and British businesspeople.
Chairman of the provincial People’s Committee Bui
Van Khanh and Chairman of the Vietnam Business Association in the UK Paul Hoang
sign a cooperation document.
In his opening remarks, Long said that Hoa Binh, which
borders the capital city of Hanoi, has a favourable location and abundant
investment opportunities.
He suggested British investors seek opportunities in
partnering with Hoa Binh in the fields of exploring tourism, high-tech
agriculture, and tertiary education development, as well as resort real estate.
Bui Van Khanh, Chairman of the provincial People’s
Committee, said that Hoa Binh is focusing on four strategic areas for
socio-economic development, including planning, infrastructure development,
improvement of institutions and the investment and business environment, and
human resources development.
He highlighted prioritised investment areas such as green,
clean and high-quality agricultural production, agro-forestry-aquatic
production and processing, resort tourism development, and ecological urban
development.
The provincial leader underlined that Hoa Binh plans to
further expand its basic infrastructure system to facilitate investment
activities, while providing preferential policies to investors, including
exemption and reduction of land rent, and import-export taxes, and support in
vocational training.
Khanh called on British investors to invest in Hoa Binh in
the fields of agriculture, industry, services, tourism, and development
research, pledging that the local administration always supports and
accompanies them for the benefits of both sides.
VBUK Chairman Paul Hoang said that the association is ready
to connect Vietnamese and British partners and support them in dealing with
problems during the cooperation process such as differences in business
culture.
On this occasion, Hoa Binh signed a cooperation document
with VBUK, under which the two sides will build a sustainable, long-term
cooperative relationship, creating benefits and development opportunities for
both sides.
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.