Hoa Binh Enjoys Robust Growth in Industry and Trade

11:19:18 AM | 3/3/2020

With strong growth in industrial production and export value, the industry and trade sector of Hoa Binh province has contributed positively to local socioeconomic development. Mr. Vu Xuan Khai, Deputy Director of the Department of Industry and Trade of Hoa Binh province, shared with Vietnam Business Forum Magazine about solutions and development orientations of the sector. Dieu Thao reports.

Could you please elaborate on some remarkable results achieved by the industry and trade sector of Hoa Binh province in 2019? To achieve this growth, what solutions has the sector focused on?

In 2019, Hoa Binh province’s industrial production value was estimated at VND37,399 billion, 15% higher than a year earlier. The province’s retail revenue of consumer goods and services sold was forecast to rise 19.03% year on year to VND31,662 billion. Its import and export value totaled US$1,426.9 million, representing a year on year growth of 27%.

In order to achieve this growth, the industry and trade sector effectively acted to carry out the Industry and Trade Restructuring Project to promote economic restructuring and improve growth quality, labor productivity and sectoral competitiveness. The sector simplified administrative procedures and gradually deployed online public services to create the most favorable conditions for businesses. It directed and instructed relevant agencies and units to implement measures to shorten the time to access electricity for enterprises and stepped up trade promotion activities, mainly organizing trade fairs, exhibitions, supply and demand matches and product launch weeks.

How has the development of Hoa Binh industrial zones and handicraft villages contributed to the province's industrial and economic growth? Could you give some specific results?

Hoa Binh province is home to 21 industrial clusters (ICs) and eight industrial parks covering a total area of 2,133 ha. The province also planned to build 16 industrial clusters and eight industrial parks with a total area of 1,940.67 ha. Currently, eight industrial clusters and four industrial parks are undergoing technical infrastructure investment.

Up to now, six industrial clusters and five industrial parks in operation have attracted 67 secondary projects, which hired a total area of 259.611 ha, registered to invest VND6,748 billion, and employed over 19,000 workers. The average occupancy rate in industrial complexes and industrial parks is 33% and 69%, respectively.

Regarding cottage industries, Hoa Binh province has 11 cottage industry villages recognized by the provincial People's Committee, including two villages making processed products; seven villages engaged in wooden, bamboo, rattan, ceramics, textile, embroidery and knitting industries; and two villages manufacturing handicrafts. These villages employ over 700 local workers.

How has the province focused on international cooperation to court more investors? What has Hoa Binh done to promote this activity?

To draw more investment funds, the industry and trade sector has been focusing on the following solutions:

Building and launching plans to assign specific tasks to each branch, unit and locality in international economic integration: Plan 76/KH-UBND dated June 15, 2017, of the People's Committee on deployment of international economic integration of Hoa Binh province in 2017-2020; Plan 33/KH-UBND dated February 28, 2019, on implementation of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in Hoa Binh province and information of CPTPP and EVFTA agreements that Vietnam signed.

Organizing theme-based conferences and seminars with local enterprises and industrial production facilities, enabling small and medium-sized enterprises to participate in vertical chains between FDI enterprises and local enterprises.

Organizing meetings with investors and enterprises doing business in the province to capture their situations and timely direct relevant bodies to eliminate difficulties and obstacles against them; welcoming investors to study and explore business investment opportunities in the province.

Thank you very much!