In late 2023, pomelo growers in Dai Dong hamlet, Ngoc Luong commune in Yen Thuy district; and Thanh Ha hamlet, Thanh Son commune in Luong Son district, received the GlobalGAP certificates for their products and exported the second batch of the fruit to the UK market.
The contract for exporting this batch of Dien
pomelo was signed between RYB JSC and Longdan Group of the UK at an investment
promotion event of Hoa Binh province in the European country in early October
2023.
Representatives of the provincial People’s Committee and CP Group
of Thailand sign a memorandum of understanding (MoU) at an investment, trade
and tourism promotion conference in Thailand on July 17, 2023.
Provincial authorities have reached many important agreements with UK partners
in 2023, opening up opportunities for comprehensive investment cooperation with
the European country.
At an investment, trade, and tourism promotionworkshop of Hoa Binh in the
UK last year, the provincial People's Committee and the Vietnam Business
Association in the UK(VBUK) signed a memorandum of understanding (MoU) of
cooperation with the aim of building a sustainable and long-term cooperative
relationship to create benefits and development opportunities for both sides.
The MoU emphasised that the VBUK will engage in promoting investment, trade,
and tourism opportunities in Hoa Binh to its member companies and
entrepreneurs; connect and support UK firms that are interested in investing
into Hoa Binh, and cooperate with businesses of Hoa Binh; and assist Hoa Binh’s
companies that have the demand to export goods to and import from, and attract
capital from the UK market.
On the sideline of the event, the province’s working delegation organised an
exhibition to showcase typical agricultural products and 18 OCOP (One Commune
One Product) products, as well as the tourism potential and strengths of Hoa
Binh to the UK market. This activity created a great opportunity for local
products to directly reach consumers and helped enhance trade connections and
expand export markets for Hoa Binh.
Previously, a delegation of Hoa Binh, led by Secretary of the provincial Party
Committee Nguyen Phi Long had a working session with over 150 enterprises and
investors of Thailand in the framework of an investment promotion programme in
the Southeast Asian nation in July last year.
During their working trip, leaders of Hoa Binh signed two MoUs with Thai
partners on investment cooperation in various fields.
2023 was seen as a dynamic year for the locality’s foreign economic affairs.
Apart from organising direct investment promotion activities, the province also
intensified diplomatic activities and partnerships with countries in the
region.
Throughout the year, foreign relations and international cooperation between
Hoa Binh and Houaphanh province of Laos, Tuva province of Mongolia, and some
non-governmental organisations continued to be maintained and developed,
contributing to mobiliising foreign assistance for socio-economic development.
Particularly, programmes and projects implemented by 16 foreign NGOs in Hoa
Binh have contributed to promoting poverty reduction, improving health, and
enhancing the livelihoods of residents in project areas.
A provincial delegation conducts a market survey in the UK as part
of an investment, trade, and tourism promotion programme of the locality in the
European country.
To further promote economic diplomacy, local authorities will continue to roll
out key solutions, focusing on raising public awareness of the crucial role of
economic diplomacy; expanding and deepening cooperation with foreign partners;
and improving the quality and effectiveness of international economic
integration towards turning economic diplomacy into a motivation serving
socio-economic development.
Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.
Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.
The Hoa Binh provincial People's Committee has issued Decision No. 2767/QD-UBND announcing the rankings of departments, agencies, districts and Hoa Binh city in the Public Administration Reform Index (PAR) and the Satisfaction Index of Public Administration Services (SIPAS) in 2024.
The cultivation of Dam Xanh fish (Bangana lemassoni), a unique fish species, has seen remarkable growth in Mai Chau district, thanks to its high economic value and effectiveness. Initially concentrated in Van Mai commune, farming has now extended to four other communes, namely Mai Hich, Mai Ha, Chieng Chau, and Son Thuy. These areas benefit from pristine underground water flowing from mountain crevices, providing ideal conditions for raising this specialty fish.
In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.
In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.
