(HBO) - After the week-long 2023 Lunar New Year (Tet) holiday, almost all enterprises in Hoa Binh province have resumed their operation with a high determination to complete the set goals, contributing to the overall growth of the local economy.
Right after the Tet holiday, workers at SanKoh
Vietnam Co., Ltd at Left bank of Da River Industrial Park (Hoa Binh City)
return to work.
According to provincial authorities, as of January 30, the
majority of workers across the province had come back to their businesses and
factories. Many businesses offered transportation services for workers. Some in
Hoa Binh city and Luong Son district are in need of recruiting more experienced
and skilled workers.
To retain workers, over the past years, businesses in the province
have raised their salary, bonuses and allowances, improved working environment,
offered support in terms of train and car tickets for workers, and given lucky
money to them on the Tet occasion.
In 2022, thanks to efforts of the business community, the
province’s gross regional domestic product (GRDP) grew 9.03% to more than 32.68
trillion VND (1.39 billion USD).
The province attracted 75 domestic investment projects with
a total registered capital of about 35 trillion VND, 31 projects more than that
of the previous year.
In 2023, Hoa Binh will continue to create favourable
conditions to attract more investment and make more preferential policies to
facilitate businesses’ development, contributing to socio-economic growth as
well as ensuring social security. The province is striving for an economic
growth rate of 9%, and per capita GRDP of 70.9 million VND per year, state
budget revenue of 7.28 trillion VND, and labour productivity of 116.9 million
VND per worker.
To achieve the set economic goals, the province will
continue restructuring the economy, renewing the growth model, increasing
productivity, creating a driving force for rapid and sustainable economic
growth, improving the business and investment environment, supporting
enterprises, and attracting investment. Attention will also be paid to
promoting the development of socio-economic infrastructure and creating changes
in the industrial sector, and to key projects to promote economic restructuring
and growth model innovation./.
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.
Hoa Binh province has mobilised all resources to propel local agricultural products to make inroads into foreign markets, towards lifting the export turnover of key agricultural products to 137.8 million USD by 2030, accounting for 3.4% of the locality’s total export value of goods.
The locality aims to export farm produce to the US, the European Union, the UK, China, Japan, and the Republic of Korea.