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Hoa Binh inks deals worth billions of USD at investment promotion conference

Leaders of the northern province of Hoa Binh handed approval decisions on nine projects and signed Memorandums of Understanding with 15 investors on 19 projects with total registered capital of 94 trillion VND (approximately 4 billion USD), at an investment promotion conference on December 11.

Addressing the conference, Prime Minister Nguyen Xuan Phuc hailed Hoa Binh for its 8.36 percent growth rate, which is the 19th highest level among provinces and cities in the country.

He highlighted the province’s convenient location between the northwest and the northern delta, along with beautiful natural landscape, good environment and rich culture of local ethnic groups, and urged Hoa Binh to optimize its potential and advantages to become the driving force for economic growth in the northwest region.

The Government leader suggested the province focus on four spearhead economic sectors, which are eco-cultural tourism, hi-tech agriculture to supply farm products for the capital region and for export, industrial production in designated areas, and ecological urban areas.

PM Phuc assigned ministries and agencies to facilitate investment attraction and socio-economic development in Hoa Binh through policies and mechanisms and key infrastructure projects.

Hoa Binh currently houses 38 foreign invested projects worth a combined 702 million USD and 508 domestic investment projects with total registered capital amounting to over 66.8 trillion VND.