HBO - As many as 100 businesses were established in the northern province of Hoa Binh in the first three months of this year with a total registered capital of 3 trillion VND (129.5 million USD). The figures represented year-on-year rises of 11.2 percent and 20 percent, respectively.
BanDai Vietnam Company operates smoothly, generating jobs for
hundreds of local labourers.
Statistics showed that 10 businesses registered
to open branches and representative offices. The province granted business
registration certificates for 264 enterprises. Forty firms registered to halt
operation while eight others voluntarily dissolved.
The province continued stepping up the
arrangement and reform of businesses in addition to completing procedures to
equitise road sections and public non-business units as regulated.
In January-March, the province had five new
cooperatives and three cooperative groups.
So far, it is home to one cooperative union, 315
cooperatives (including 281 active ones), and 262 cooperative groups
(encompassing 257 active ones)./.
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.