(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./.
Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.
Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.
The Hoa Binh provincial People's Committee has issued Decision No. 2767/QD-UBND announcing the rankings of departments, agencies, districts and Hoa Binh city in the Public Administration Reform Index (PAR) and the Satisfaction Index of Public Administration Services (SIPAS) in 2024.
The cultivation of Dam Xanh fish (Bangana lemassoni), a unique fish species, has seen remarkable growth in Mai Chau district, thanks to its high economic value and effectiveness. Initially concentrated in Van Mai commune, farming has now extended to four other communes, namely Mai Hich, Mai Ha, Chieng Chau, and Son Thuy. These areas benefit from pristine underground water flowing from mountain crevices, providing ideal conditions for raising this specialty fish.
In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.
In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.