(HBO) - In 2019, Hoa Binh province has continued to intensify investment promotion activities, enhance coordination in handling administrative procedures and implement measures to improve the business environment and remove difficulties for enterprises and investors.
The Midori Apparel
Vietnam Ltd Co (at Luong Son industrial park) reported effective production and
business results, contributing to the province’s export value in 2019.
During the year, the province approved investment
proposals and granted investment licences to 59 projects, including four
foreign direct investment (FDI) projects with total registered capital of 24.5
million USD. The remaining 55 projects are invested by domestic investors, with
total registered capital of 3,982 billion VND. The number of projects was down
by one project, while the amount of capital was equivalent to 39 percent
compared to the same period last year.
At the same time, the province withdrew the
licences of 42 projects (6 FDI and 36 domestic ones).
On aggregate, Hoa Binh is home to 567 projects,
comprising 38 FDI projects with total capital of 568 million USD and 529
domestic projects valued at around 68,982 billion VND./.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
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.
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