(HBO) - The process of extensive international economic integration has created favourable conditions for foreign businesses to invest in projects in the northwestern mountainous province of Hoa Binh, helping to promote the locality’s economic growth.
Production and business
activities of the R Technical Research Co., Ltd in the Da River left-bank industrial park in Hoa Binh
city have contributed to promoting Hoa Binh province’s export value.
Since 2017, the province has attracted 17 foreign direct investment (FDI)
projects with total capital of about 275.7 million USD.
The locality is now home to 40 FDI projects with total registered capital of 580.2
million USD, of which 33 projects have been put into operation.
Foreign enterprises are mainly from the Republic of Korea, Japan, and China,
operating in the field of electronic component assembly and garment.
The attraction of official
development assistance (ODA) in Hoa Binh has
been promoted. In the last three years, the province has had 26 programmes and projects using ODA capital and preferential loans
from foreign donors.
The provinceis calling for a number of ODA projects, including a green urban development project to adapt to climate change in Ky Son ward of Hoa Binh city; a project to connect the
province’s transport networks to the national transport system.
Local authorities have also paid attention to attracting and mobilising foreign
non-governmental aid. Non-governmental organisations (NGOs) have so far
operated at all of the province’s districts and Hoa Binh city, mainly in areas
with disadvantaged socio-economic conditions and in the fields of rural
development, health care, education, clean water and environmental sanitation,
and in solving social problems.
Hoa Binh authorities have been implementing well commitments and
international agreements signed with organisations, agencies and foreign
localities such as World Vision, ChildFund, Habitat for Humanity International, AOP, AEA, German bank for reconstruction (KfW), KuwaitFundforArab Economic Development, KV Consulting Co., Ldt, Hanbaek Construction Co., Ltd, Luang Prabang and Huophane
provinces of Laos, TUV province of Mongolia, Jeollabuk and Ulsan city’s Ulju district of the
Republic of Korea. These help create good relations with partners.
The province
is now home to 49 programmes and projects funded by 21 NGOs, development
cooperation agencies and donors with total committed aid value of 15.8 million
USD.
The committed value of new programmes and projects in the first six months of
this year was over 2.2 million USD. There are 22 international agreements being
carried out in the province./.
After the Lunar New Year (Tet) holidays, trade union members and workers in Hoa Binh province returned to work with an excited spirit at the beginning of the new spring. Throughout the workshops, factories and enterprises, they were full of enthusiasm, immediately getting to work, striving to excellently complete tasks and production and business targets.
Red grapefruit is a native crop of Tan Lac district, where the fertile soil and favourable climate create ideal conditions for its growth. With over 80% of the area being mountainous, at an altitude of 300-400 metres above sea level, red grapefruits here thrive on well-drained, fertile hillside soil. The region’s large temperature variation between day and night enhances the fruit's nutrient absorption. The local cultivation techniques also contribute to its uniqueness
The provincial business association recently convened a conference to review its 2024 operations and outline plans for 2025. The meeting was attended by Standing Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Bui Duc Hinh along with leaders from various departments and agencies.
Hoa Binh province is prioritising rural transportation infrastructure to improve mobility, facilitate trade, and boost socio-economic development.
The Minister of Agriculture and Rural Development has just issued Decision No. 377/QD-BNN-VPĐP approving the results of the evaluation and classification of the products of the National One Commune One Product Program in 2024 (phase 3).
As the Lunar New Year (Tet) approaches, the market becomes more vibrant than ever. In Hoa Binh province, preparations for Tet have been bustling since the 20th of the last lunar month, with an abundant supply of goods to meet the growing consumer demand.
