(HBO) - To improve the business and investment environment and the provincial competitiveness index, in recent years, the provincial centre for investment, trade and service promotion has promoted administrative reforms; and inspected and supervised IT application in processing administrative procedures.
At the provincial public administration service centre.
According to director of the centre Pham Anh Quy, to create an open,
transparent and favourable investment environment for investors, the standing
board of the provincial Party Committee issued Resolution No. 02/NQ-TU dated
May 31, 2021 to promote the role of the centre, and develop it into a focal
point for providing guidelines and supporting investors that are interested in
investing in the locality.
The centre has focused on strengthening investment promotion and creating
optimal conditions for investors to implement their investment projects in the
Hoa Binh, while proposing measures to remove difficulties facing businesses and
investors towards attracting more investment inflows into the locality.
It has aid attention to supporting enterprises, cooperatives, organisations and
individuals in developing production and business, seeking partners, and
expanding consumption markets.
The centre has issued an annual and phased investment promotion programme. It
has also worked on research and assessmentof market potential, investment
demand and trend, and issues related to investment partners.
Since 2016, the centre has provided information and introduced investment
opportunities and policies for over 240 enterprises and investors, including
big firms such as Vingroup and FLC group.
Quy said his agency has also focused on developing database and renovating the
form of promotion activities so as to improve the investment environment and
remove difficulties related to administrative procedures facing enterprises./.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.
Hoa Binh province has mobilised all resources to propel local agricultural products to make inroads into foreign markets, towards lifting the export turnover of key agricultural products to 137.8 million USD by 2030, accounting for 3.4% of the locality’s total export value of goods.
The locality aims to export farm produce to the US, the European Union, the UK, China, Japan, and the Republic of Korea.
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