(HBO) – The complicated developments of COVID-19 have seriously affected all social aspects, especially economic development. Growth decline was recorded in many fields. In the first quarter of 2020, the gross regional domestic product (GRDP) was estimated at 6.62 percent. The figure is projected at 4.57-5.86 percent in the second quarter due to the impact of the pandemic on business and production activities.
Garment-textile export firms at Luong Son industrial park
meet an array of difficulties to maintain business and production due to
COVID-19. Photo: Esquel Garment Manufacturing (Vietnam) Co., Ltd.
As of April 15, 136 local businesses and one
cooperative dissolved, while 1,392 household business establishments registered
for halting production. The number of firms having to withdraw from the market
or suspend operation is expected to surge in the coming time, especially
small-and medium-sized ones.
Along with businesses, cooperatives and business
households, workers, especially low-income earners, have been seriously
affected. As many as 275 employees had their labour contracts terminated, while
over 1,330 others had to halt working during COVID-19.
Promoting the economy after the pandemic is an
extremely important task to achieve socio-economic development targets in 2020.
To achieve the goal of collecting 5 trillion VND
(213.3 million USD) to the State budget this year, the provincial People’s
Committee has directed reviewing all revenue resources, especially from hydropower
and land use fees.
Investors and management boards of projects were
tasked to focus on preparing investment and land clearance. The province will
strictly handle those with slow disbursement of public investment.
The provincial People’s Committee requested all
sectors to continue paying great attention to curbing the disease as well as
supporting businesses to remove difficulties./.
After more than four years of implementing a project launched by the Hoa Binh Party Committee’s Standing Board on developing agriculture and promoting product consumption linked with building new-style rural areas for the 2021-2025 period, the province’s industry and trade sector has made significant strides, greatly contributing to local socio-economic development.
Luong Son district has identified 2025 as the year for the accelerated breakthrough to successfully implement the socio-economic development plan for the 5-year period from 2021 to 2025. The district has been focusing on executing the plans and trying to achieve a GRDP growth rate of approximately 15%.
Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.
Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.
Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.
As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.
