(HBO) - A delegation of Japanese businesses led by Yuseke Shimojima from the Tokyo Chamber of Commerce and Industry came to Hoa Binh province on March 5 to learn about investment opportunities.
The working session with the delegation was attended by member of the Party Central Committee and Secretary of the provincial Party Committee Bui Van Tinh, Vice Secretary of the provincial Party Committee and Chairman of the provincial People’s Council Tran Dang Ninh, and Vice Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Nguyen Van Quang.
Through the meeting, the Japanese side aimed to gain an insight into the local situation and seek investment chances. They expressed their interest in such fields as real estate, electronic component production, and other industrial areas.
An overview of the meeting.
At the event, the two sides discussed the province’s potential and advantages, along with its investment attraction policy and opportunities. The Japanese firms studied investment incentives, prioritised fields, and human resources for investment projects.
Secretary of the provincial Party Committee Bui Van Tinh spoke highly of their interest in Hoa Binh. He suggested them consider investing in potential and strong areas of his province such as eco-tourism, cultural tourism, leisure tourism; hi-tech agriculture; industrial park infrastructure; supporting industries; new material production; and ecological residential areas.
Hoa Binh is pushing ahead with reforming its business environment. It pledges to assist businesses and investors to successfully implement their projects for the sake of sustainable development of both the province and enterprises, he added.
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.