(HBO) - Since the beginning of the year, the COVID-19 pandemic has partly caused remarkable decreases in the number of projects as well as the amount of registered investment capital in Hoa Binh province.
In May, the province approved the investment plan for a
domestically-invested project with a capital of about 20 billion VND, and
adjusted investment plans for two others. In the first five months of this
year, the province approved investment plans for four domestically-invested
projects, with a total capital of 113.5 billion VND. The province now has 599
investment projects, of which 41 are foreign-invested totalling 595.5 million
USD and 558 are domestic ones worth 87.5 trillion VND.
R Technical Research Co., Ltd in Da River Left-bank
Industrial Park works on dual targets of pandemic prevention and control and
economic development and recovery.
Also in May, there were 53 newly-established businesses with
a combined registered capital of 1.14 trillion VND, 15 businesses registering
to suspend production and business activities, and five dissolving voluntarily.
In the month, the province also granted additional or changed contents of
registration licences to 114 businesses.
The provincial People’s Committee has closely directed
departments, districts and Hoa Binh city to get updated on difficulties and
aspirations of enterprises, support and guide them to overcome these
difficulties./.
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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