Hoa Binh province develops private economic sector

10/23/2020 - 8:58:20 PM

(HBO) - Over the past years, the Party Committee and People’s Committee of Hoa Binh province have rolled out many solutions to support the private economic sector, contributing to the renewal process and socio-economic development in the locality.

SMA Vina Viet-Han Garment Import-Export Co. in Dan Chu ward, Hoa Binh city, has generated jobs for many local labourers.

Hoa Binh province has paid attention to improving the local business environment and removing barriers hindering the development of the private economic sector.

The provincial Party Committee and People’s Committee have instructed departments, agencies and localities to regularly review administrative procedures relating to investment, construction, land and business registration.

In addition, the local tax sector has maintained online tax declarations and payments and reduced overlapping inspections.

Local departments and agencies have frequently provided updates on administrative procedures at public administrative service centres, offices and websites, making it easier for organisations, individuals and businesses to access information.

Over the past five years, Hoa Binh attracted 284 projects with total registered capital of nearly 48 trillion VND (2.07 billion USD), including 17 foreign direct investment (FDI) projects worth 275.7 million USD.

Local industrial parks now accommodate 96 projects, with 25 FDI projects valued at 539.47 million USD and 71 domestic projects worth nearly 7.39 trillion VND. As many 60 projects have been put into operation, creating jobs for nearly 19,800 labourers.

There are 2,100 newly-registered firms with combined capital of 30 trillion VND and 34,000 household businesses. Hoa Binh province has encouraged eligible households to transform themselves into enterprises./.

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