Chairman of the Hoa Binh People’s Committee Bui Van Khanh on February 2 held a Lunar New Year meeting with businesses, investors and cooperation in the locality. The event drew Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Council Bui Duc Hinh; Vice President of the Vietnam Chamber of Commerce and Industry Hoang Quang Phong; representatives from the Vietnam Association of Small and Medium-Sized Enterprises and the Vietnam Association of Young Entrepreneurs; as well as leaders of local departments, sectors and localities and 200 local businesses, cooperatives and investors in the locality.
Vice President of the Vietnam Chamber of Commerce and Industry Hoang Quang Phong pledges to create favourable conditions and provide highest support to Hoa Binh and local businesses and investors during their development process.
In 2023, despites difficulties and challenges, Hoa Binh still recorded comprehensive achievements in all fields. The province completed its provincial planning for the 2021-2030 period with a vision to 2050.
Along with effective solutions to support local businesses and investors, Hoa Binh saw improvements in the local investment environment and competitiveness. The province ranked 23 among localities in administrative reform index, and leaped nine places in the provincial competitiveness index. Particularly, currently, it takes only one day for a company to process the business registration procedures, and 14 days to get construction licences, and 2.99-3.57 days for power supply service access.
At the meeting, local businesses and investors thanked the Hoa Binh Party Committee, People’s Committee and People’s Council as well as provincial departments, sectors and localities for supporting them over the years.
They raised a number of suggestions, including continuing to improve the investment environment and reform administrative procedures, supporting travel and agricultural firms, speeding up ground clearance, promoting transport projects and regional connections.
Addressing the event, Vice President of the Vietnam Chamber of Commerce and Industry Hoang Quang Phong hailed the efforts of Hoa Binh in listening to the voice of local businesses and deal with their difficulties. He the VCCI will create optimal conditions and provide maximum assistance for businesses and investors in Hoa Binh during their development process.
For his part, Chairman of the provincial People’s Committee Bui Duc Hinh recognised the contributions of the business community to the socio-economic development of the province.
He vowed that the province will provide best investment environment for them and accompany them during their development. Hinh also called for their contributions of ideas in building and implementing the provincial planning in the 2021-2030 period with a vision to 2050, as well as their recommendations in policies and mechanisms, as well as their feedback.
The provincial leader expressed his hope that local businesses will engaging in implementing political tasks and movements of the province.
On the occasion, the People’s Committee of Hoa Binh presented the emulation flags to three businesses that showed outstanding performance in national patriotism emulation movements in 2023, as well as the certificates of merit to 17 others.
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.
