(HBO) - Since the beginning of this year, the People’s Committee of Hoa Binh province has directed relevant agencies and People’s Committees of districts to continue promoting investment promotion activities. The coordination in handling administrative procedures, implementing solutions to improve the business environment and removing difficulties for businesses and investors have also been sped up at the same time.
Overcoming
difficulties caused by the impact of the COVID-19 pandemic, R Technical
research Vietnam Co. Ltd, locating in the Da River Left Bank Industrial Park in
Hoa Binh City, has stable production and trading, with export value reaching
about 5 million USD in the first six months of this year.
As many as 260 news businesses were set up with a combined registered capital
of 6.4 trillion VND (282 million USD) in the first six months of this year. The
number of new firms represented a year-on-year increase of 9.3 percent while
the amount of capital surged 24.4 percent.
There are 70 enterprises registered branches and representative offices;
granting changes and supplements to business registration certificates for 750
enterprises. Meanwhile, 115 firms registered to suspend production and business activities,
40 enterprises voluntarily dissolved and 120 businesses resumed operation. In
addition, the arrangement of the business reform continued to be implemented as
planned./.
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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