(HBO) – On March 2, the Hoa Binh People’s Committee held a working session with the Vietnamese Business Association in Japan (VJBA). The session was chaired by Nguyen Van Chuong, Vice Chairman of the provincial People’s Committee.
Representatives from the Vietnamese Business Association in Japan
present a souvenir to leaders of the Hoa Binh People’s Committee.
Currently, Japanese businesses have invested about 343.3 million USD in Hoa
Binh, mostly in Da River’s left bank industrial park, Luong Son industrial park
and other areas.
The VJBA has been operating for 11 years, focusing on giving career guidance to
the youth in Japan, sending high quality human resources of Vietnam to Japan,
exporting Vietnamese products to Japan through official channels, and
connecting businesses of the two countries, especially among small- and medium-sized
enterprises.
Representatives from the association expressed their hope for Hoa Binh’s
support and coordination to train Japanese-speaking workers and introduce high
quality agricultural products of Hoa Binh to Japanese consumers.
The two sides discussed conditions, potential and advantages for the local
development, challenges for investment connectivity and promotion activities as
well as human resources training, the connections among businesses and the sale
of farm produce in Hoa Binh and Japan.
Addressing the session, Vice Chairman Chuong said that this visit by Vietnamese
businesses in Japan to explore the local investment environment is a meaningful
activity on the occasion of the 50th anniversary of the bilateral diplomatic
relations.
Hoa Binh is keen on bringing more products and workers to Japan, he said,
expressing his hope that the VJBA will serve as a bridge connecting the
province and Japan in the fields of culture, politics and diplomacy.
He assigned the Hoa Binh Investment, Trade and Tourism Promotion Centre to act
as a connection point of the province, linking local departments, sectors and
trade associations to take steps to effectively implement cooperation
activities with the VJBA.
Hoa Binh’s gross regional domestic product (GRDP) grew 9.03% last year, with
per capita income reaching 66.7 million VND (2,827 USD) per year. The rate of
trained labourers was 59.2%.
The province has 729 private investment projects, of which foreign invested
ones account for 5%, valued at 608 million USD. Japanese enterprises have
poured 343.3 million USD into projects in the locality./.
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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