(HBO) - While COVID-19 was raging, production and business activities at many enterprises in Hoa Binh province were disrupted due to falling market demand or rising raw material prices and input costs. The introduction of pandemic prevention and control measures affected the production and distribution of goods, resulting in job insecurity and lower incomes for many workers. Businesses and cooperatives also found it difficult to access bank capital and rent production land.
To help businesses recover and develop production quickly,
the Provincial People’s Committee directed reductions of and payment extensions
to corporate income taxes. Photo taken at the Hai Hien Bamboo and Wood joint
Stock Company in the Mong Hoa Industrial Park, Hoa Binh City.
Chairman of the
Provincial Business Association Nguyen Cao Son said businesses operating in Hoa
Binh are mainly of small or micro-size, so were heavily affected by COVID-19,
especially by difficulties in investment capital and bank interest rates. Many were
unable to operate for long periods but still had to repay bank loans. They
therefore hope to receive direct support regarding interest rates to ease the financial
burden.
Replying to business
wishes, the Provincial People’s Committee has focused on resolving difficulties
facing enterprises and cooperatives and accelerating the recovery and
development of production and business activities. A number of solutions have
been determined, including the reduction of tax for businesses. In addition,
the Provincial People’s Committee has directed the implementation of 2 percent
per annum interest rate support for 2022 and 2023 for commercial loans for businesses,
cooperatives, and business households.
Along with
practical tasks and solutions being urgently deployed in the field of social
security and employment, Hoa Binh province has also mobilised and effectively
used resources and investment in infrastructure development, promoted
administrative reform, and improved the business investment environment,
boosting growth drivers and striving to reach targets set for the 2021-2025 period,
in which average annual gross regional domestic product (GRDP) growth is to be 9
percent./.
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.
