(HBO) - Hoa Binh participated in the annual programme serving the promotion of Vietnamese localities in the UK between October 8 and 14, organised by the Ministry of Foreign Affairs to assist localities involved in enhancing their connection and cooperation with international partners. The Hoa Binh delegation, led by Vice Secretary of the provincial Party Committee and Chairman of the provincial People's Committee Bui Van Khanh, took the occasion to organised a host of investment, trade, and tourism promotion activities to introduce local investment climate, strengths, and potentials to UK investors and businesses.
The provincial delegation visits and learns about the Longdan Group’s distribution of Vietnamese products in the UK. Photo: Tuan Anh from the Hoa Binh Centre for Investment Promotion, Trade, and Tourism.
Numerous activities serving investment, trade, and tourism promotion
In addition to the general activities of the programme, the delegation engaged in various dialogues and meetings with organisations, companies, and investors. They participated in a forum on Vietnam - West Midlands connection as well as bilateral meetings with the Asian House organisation, the strategic, financial, and technological consulting company PwC, and the UK-ASEAN Business Council (UKABC).
They organised a workshop to promote the province’s investment, trade, and tourism, during which the provincial People's Committee and the Vietnam Business Association in the UK (VBUK) signed a memorandum of understanding on cooperation to establish a sustainable, long-term, and mutually beneficial partnership. As per the pact, the VBUK will introduce Hoa Binh’s investment, trade, and tourism opportunities to its member businesses, support UK businesses investing in Hoa Binh or collaborating with local companies, and carry out charitable programmes and social welfare activities in the province.
Khanh said that Hoa Binh has already exported some agricultural products to the UK and they are well-received by the market. The signing of the MoU is essential, as it opens up more opportunities for Hoa Binh’s exports.
Enabling access to a demanding market of great potential
The delegation also had a working session with the Longdan Group – one of the leading Vietnamese enterprises in the UK concerning the import and distribution of Vietnamese products in the local market and Europe. At their meeting, the sides signed an MoU on cooperation to give boost to the trade and export of local specialties and goods produced under the OCOP (One Commune One Product) programmes. Longdan Group also inked a new contract with the R.Y.B. joint stock company to import a container of Dien pomelo from Hoa Binh to the UK in the 2023 crop.
Additionally, on the sidelines of the programme, the delegation ran exhibitions and presentations on Hoa Binh’s typical farm produce and 18 OCOP products, as well as the province's tourism strengths and potentials.
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.
