(HBO) – Hoa Binh Clean Water joint Stock Company is conducting State capital divestment. Most of the share offering sessions have attracted particular interest from investors. So far, the company has divested 60 percent of the State shares and the process is expected to be completed in 2018.
Workers of the Hoa Binh Clean Water joint Stock Company are
operating a pumping station in the left bank of Da River in Hoa Binh city.
In March 2009, the provincial People’s Committee issued Decision No.539/QD-UBND
approving the transfer of Hoa Binh Clean Water one member limited liability
company to Hoa Binh Clean Water joint Stock Company.
After conducting equitisation, the company had sold its shares at preferential
prices to employees. Each share is worth 10,000 VND. However, the number of
officials and workers holding shares was inconsiderable (less than one
percent).
The company is operating under the business registration certificate No.
5400108279 and has raised its chartered capital for the third time to over 66.7
billion VND from 61.1 billion VND after the assets of water plants in Lac Thuy
and other districts were merged into the company’s State capital.
It is mainly active in the field of clean water supply, treatment and
exploitation. Key services include providing clean water for households and
production businesses in Hoa Binh province.
Since 2005, the company has provided water bottles of 0.5 liters and 19 litres.
It also installed and repaired water supply facilities to meet the demand of
locals.
Its revenues in 2017 reached over 55.19 billion VND (2.3 million USD),
including 48.88 billion VND (2.08 million USD) from clean water or 88.56
percent of the total, and 5.33 billion VND (227,812 USD) from installing and
repairing water pipes or 9.67 percent.
According to Chairwoman of the Board of Hoa Binh Clean Water joint Stock
Company Nguyen Thi Hoa said the company put nearly 6.8 million shares worth
66.8 billion VND (2.8 million USD) for sale on the Unlisted Public Company
Market (UPCoM) on July 18, 2018./.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.
Hoa Binh province has mobilised all resources to propel local agricultural products to make inroads into foreign markets, towards lifting the export turnover of key agricultural products to 137.8 million USD by 2030, accounting for 3.4% of the locality’s total export value of goods.
The locality aims to export farm produce to the US, the European Union, the UK, China, Japan, and the Republic of Korea.
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