Business cooperation between Vietnam and Belarus will be further developed following trade deals inked between the two sides in the northern province of Hung Yen on March 29 in the presence of Belarusian Deputy Prime Minister Vladimir Semashko.
Trucks assembled in MAZ Asia
joint venture. (Photo: maz.by)
A US$60 million deal on supplying trucks and specialised cars
and memorandum of understanding on establishing a dairy plant in the province
were signed on the day.
joining in free trade agreements has
opened up opportunities for collaboration between the two countries, Deputy PM
Semashko said, recommending that Belarus
and Vietnam
should set up more joint ventures based on the principal of mutual benefits.
The Belarusian Government chose Hung Yen
as the location for MAZ Asia joint venture to manufacture and assembly
automobiles and the dairy plant, he said, adding that it is considering the
construction of a bus assembling factory in the province.
Secretary of the provincial Party
Committee Do Tien Sy lauded Belarus’s
socio-economic achievements, especially in automobile industry, agriculture and
dairy and farm produce processing, expressing his hope that Belarus will
land more high-tech projects in the province to boost its development.
Meanwhile, Chairman of the provincial
People’s Committee Nguyen Van Phong said that the province is focusing on
developing infrastructure and industrial parks to lure more investments.
Currently, the province is home to 11
industrial parks, accommodating over 1,700 domestic and foreign projects, he
said.
Phong suggested the Belarusian side
invest in a fertiliser plant in the province while creating favourable
conditions for Hung Yen to ship its agricultural products to the nation.
Hung Yen will create optimal conditions
and adopt preferential policies so that Belarusian projects can become
operational soon, he stressed.
On the occasion, Deputy PM Semashko and his
working delegation visited the factory of MAZ Asia joint venture, which is under
construction in Kim Dong district.
Source: NDO
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.