(HBO) - In order to create favorable conditions for the private economy to develop and encourage the development of businesses, from 2018 to 2020, the People's Committee of Hoa Binh province directed the implementation of the Law on Supporting Small and Medium Enterprises (SMEs) and applied mechanisms and policies to promote efficient operations of enterprises, thereby improving the local business and investment environment.
Ho Guom Group's
garment factory in Tan Lac district enjoys the tax support policy of the
province, helping it to overcome difficulties.
In recent years, enterprises in the province
have grown in both quantity and quality. Every year, the number of newly
established enterprises increases. By the end of 2020, the province had 3,770
enterprises with a total registered capital of more than 47 trillion VND (2.05
billion USD). Of which, there are 3,527 SMEs, accounting for over 97 percent of
the total number of enterprises with registered capital of nearly 31.5 trillion
VND.
In order to effectively implement the Law on
Support for SMEs, the provincial People's Committee issued Plan No.
158/KH-UBND, dated December 6, 2018 on supporting SMEs in the province. The
plan specifies solutions, mechanisms, preferential policies for the SMEs and
assigns specific tasks to departments, agencies, sectors and localities to help
develop and support SMEs.
With the participation of administrations at all
levels and sectors, it has created a driving force to help businesses thrive.
Accordingly, the provincial People's Committee has urged localities to promote
technological assistance by guiding enterprises to apply management systems,
productivity improvement tools. The province also provides supports for
enterprises to implement origin traceability systems, apply good agricultural
practices, and develop organic agricultural production.
According to data released by the Department of
Planning and Investment, by 2020, the total revenue of SMEs in the province is
estimated at 49.6 trillion VND (2.16 billion USD) with the average income of
employees is from 4.5 to 6.5 million VND per month./.
After more than four years of implementing a project launched by the Hoa Binh Party Committee’s Standing Board on developing agriculture and promoting product consumption linked with building new-style rural areas for the 2021-2025 period, the province’s industry and trade sector has made significant strides, greatly contributing to local socio-economic development.
Luong Son district has identified 2025 as the year for the accelerated breakthrough to successfully implement the socio-economic development plan for the 5-year period from 2021 to 2025. The district has been focusing on executing the plans and trying to achieve a GRDP growth rate of approximately 15%.
Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.
Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.
Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.
As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.
