(HBO) - In 2019, Hoa Binh province has continued to intensify investment promotion activities, enhance coordination in handling administrative procedures and implement measures to improve the business environment and remove difficulties for enterprises and investors.
The Midori Apparel
Vietnam Ltd Co (at Luong Son industrial park) reported effective production and
business results, contributing to the province’s export value in 2019.
During the year, the province approved investment
proposals and granted investment licences to 59 projects, including four
foreign direct investment (FDI) projects with total registered capital of 24.5
million USD. The remaining 55 projects are invested by domestic investors, with
total registered capital of 3,982 billion VND. The number of projects was down
by one project, while the amount of capital was equivalent to 39 percent
compared to the same period last year.
At the same time, the province withdrew the
licences of 42 projects (6 FDI and 36 domestic ones).
On aggregate, Hoa Binh is home to 567 projects,
comprising 38 FDI projects with total capital of 568 million USD and 529
domestic projects valued at around 68,982 billion VND./.
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.
