A working delegation from Hoa Binh province led by Vice Chairman of the provincial People's Committee Nguyen Van Chuong held a working session with the Thai Chamber of Commerce and Industry in Vietnam (ThaiCham) on the sidelines of the "Meet Thailand" event co-hosted by the Ministry of Foreign Affairs, the Thai Embassy, and the People's Committee of Lao Cai province on August 28 in the northern mountainous province of Lao Cai.
Attending the event were leaders and staff from the Office of the Hoa Binh provincial People's Committee, the Centre for Investment, Trade and Tourism Promotion, the management board of industrial zones, and the provincial Department of Planning and Investment.
Vice Chairman of the provincial People's Committee Nguyen Van Chuong and leaders of local departments and agencies hold a working session with ThaiCham.
Chuong introduced the unique cultural identity, stunning natural landscapes and untapped potential of Hoa Binh province to the ThaiCham delegation. He expressed his hope that ThaiCham would help promote Hoa Binh's advantages to Thai organisations, businesses, investors and the public. With its proximity to Hanoi, convenient transport, dynamic governance and investment incentives, Hoa Binh offers numerous opportunities for Thai businesses, he said.
Praising Thai firms and investors for their financial strength, operational experience, compliance with local laws, and quality products, he invited them to become key partners in Hoa Binh's growth. He also affirmed the province’s unwavering support for Thai businesses and investors interested in exploring investment opportunities in Hoa Binh, in line with Vietnamese laws and regulations.
ThaiCham President Praween Wirotpan welcomed the meeting and commended the engagement between both sides. He affirmed ThaiCham's commitment to foster investment in trade, high-tech agriculture, manufacturing, and especially tourism, which are also areas where Thai enterprises excel and Hoa Binh seeks growth.
The two sides discussed and reached consensus on several cooperation topics. They expressed hope that ThaiCham's presence in Hoa Binh would bolster investment, trade and tourism ties between Vietnam and Thailand in general, and Hoa Binh province in particular.
The meeting aimed to open up new opportunities for Thai investors in Hoa Binh by providing an insight into economic policies, business conditions, and the local business environment; offering consultancy and connections to create business opportunities and promptly relaying business feedback to local authorities.
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.
