(HBO) - Industrial parks (IPs) in northern Hoa Binh province are accommodating 95 investment projects, including 24 foreign direct investment (FDI) projects with a combined registered capital of 499.85 million USD and 71 domestic projects worth about 7.27 trillion VND (314.43 million USD).
Luong Son Industrial
Park-based Vietnam Fragrances Ltd. Co., specialising in producing toothpicks for
export to the Indian market, creates jobs for over 100 local workers.
In the first half of 2020, the impact of COVID-19 has dealt
a blow to investment attraction in Hoa Binh. As a result, there were only two
new projects licensed in the province’s IPs in the period, hitting 25 percent
of the plan.
Businesses have overcome challenges to stabilise production,
raking in 7.96 trillion VND in the first half of 2020, a year-on-year surge of
21.75 percent and reaching 53.07 percent of the yearly plan.
The firms earned 330 million USD in the reviewed period, up
31 percent compared to the same period last year and equivalent to 56.9 percent
of the plan.
State budget collection saw a decrease of 15.8 percent to 88
billion VND in the first half, hitting 44 percent of the yearly plan.
At present, 55 projects have been put into operation and
generated stable jobs for nearly 20,000 local labourers./.
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.
