(HBO) – The northern province of Hoa Binh introduced its potential and strengths as well as investment opportunities to British investors at an investment, trade and tourism promotion conference in London on October 11. The event saw the attendance of Vietnamese Ambassador to the UK Nguyen Hoang Long, representatives from the Vietnam Business Association in the UK (VBUK), and British businesspeople.
Chairman of the provincial People’s Committee Bui
Van Khanh and Chairman of the Vietnam Business Association in the UK Paul Hoang
sign a cooperation document.
In his opening remarks, Long said that Hoa Binh, which
borders the capital city of Hanoi, has a favourable location and abundant
investment opportunities.
He suggested British investors seek opportunities in
partnering with Hoa Binh in the fields of exploring tourism, high-tech
agriculture, and tertiary education development, as well as resort real estate.
Bui Van Khanh, Chairman of the provincial People’s
Committee, said that Hoa Binh is focusing on four strategic areas for
socio-economic development, including planning, infrastructure development,
improvement of institutions and the investment and business environment, and
human resources development.
He highlighted prioritised investment areas such as green,
clean and high-quality agricultural production, agro-forestry-aquatic
production and processing, resort tourism development, and ecological urban
development.
The provincial leader underlined that Hoa Binh plans to
further expand its basic infrastructure system to facilitate investment
activities, while providing preferential policies to investors, including
exemption and reduction of land rent, and import-export taxes, and support in
vocational training.
Khanh called on British investors to invest in Hoa Binh in
the fields of agriculture, industry, services, tourism, and development
research, pledging that the local administration always supports and
accompanies them for the benefits of both sides.
VBUK Chairman Paul Hoang said that the association is ready
to connect Vietnamese and British partners and support them in dealing with
problems during the cooperation process such as differences in business
culture.
On this occasion, Hoa Binh signed a cooperation document
with VBUK, under which the two sides will build a sustainable, long-term
cooperative relationship, creating benefits and development opportunities for
both sides.
Appreciating the abundant potential and strengths of his hometown for tourism development, Ha Cong Hung, Deputy Secretary of the youth union of Mai Chau district’s Mai Hich commune, embarked on producing smoked meat with a desire to introduce his homeland's specialty to domestic and international tourists.
Hoa Binh farmers are investing big in their chilli pepper cultivation areas after the first batch of 7.5 tonnes of pickled chilli peppers was shipped to the Republic of Korea (RoK) by Tien Ngan Trade and Investment Co., Ltd last month.
Recognising the role and importance of developing the collective economy, the northern province of Hoa Binh has promptly issued support policies to propel the development of the economy, making important contributions to local socio-economic development.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
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.