(HBO) - Hoa Binh province has worked to step up economic integration, improve business climate in a bid to increase strength and capitalise on favourable conditions to expand markets and make breakthroughs in sustainable development
Over the years, due attention has been paid to communications on
foreign policies and international integration of the Party and State
as well as the province’s achievements in socio-economic development and
culture, thus contributing to drawing foreign organisations and firms to
explore investment and business opportunities in the locality.
Esquel garment-textile company located at the Luong
Son industrial park greatly contributes to the province’s export revenue.
The province has issued numerous programmes and plans on the implementation of
free trade agreements (FTA) with links to the Comprehensive and Progressive
Agreement for Trans-Pacific Partnership (CPTPP), the EU-Vietnam FTA (EVFTA) and
other important documents on external relations.
The provincial People’s Committee has devised plans on legal support for
businesses, arranged programmes and events on legal issues and contents of Law
on Investment and the revised Law on Enterprises.
It has also built a database and sent officials to relevant agencies to help
with legal support and consultation in business operations for firms and
individuals.
To improve the investment climate, the Hoa Binh People’s Committee holds
regular meetings with firms, co-operatives, dialogues with businesses and
investors of projects with huge influence on the provincial socio-economic
development so as to address their difficulties.
The province is now home to 49 export-import firms, including 26
foreign-invested ones.
To increase exports-imports, the People’s Committee has paid heed to market
development and trade promotions; completed policies on trade, finance, credit
and investment in export items; and sought to identify a list of commodities of
potential and competitive edge.
In the 2016-20, the province enjoyed a constant rise with an annual average
growth rate of 28.5 percent.
Export revenue in the first six months was estimated to near 578.88 million
USD, a year-on-year surge of 29.64 percent.
The province imported goods worth 104.98 million USD in the period, up 25.7
percent from the same period last year./.
After more than four years of implementing a project launched by the Hoa Binh Party Committee’s Standing Board on developing agriculture and promoting product consumption linked with building new-style rural areas for the 2021-2025 period, the province’s industry and trade sector has made significant strides, greatly contributing to local socio-economic development.
Luong Son district has identified 2025 as the year for the accelerated breakthrough to successfully implement the socio-economic development plan for the 5-year period from 2021 to 2025. The district has been focusing on executing the plans and trying to achieve a GRDP growth rate of approximately 15%.
Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.
Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.
Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.
As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.
