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./.

PM attends groundbreaking ceremony for electronic PCB factory in Hoa Binh

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, the total capital of the credit institutions was estimated at 40,128 billion VND

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.

Lac Son - attractive destination for investors

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.

Hoa Binh accelerating disbursement of ODA, foreign concessional loans

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.

The man who promotes Kim Boi district’s fruit brand

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.

Q1 disbursement of public investment funds reach 15% of yearly plan

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.