(HBO) – Amid complicated developments in the world and domestic economic situations, Hoa Binh province has been implementing many solutions, creating favourable conditions and gradually ensuring the sustainable development of the business community and entrepreneurs.
Bui
Van Khanh, Deputy Secretary of the Hoa Binh Provincial Party Committee,
Chairman of the provincial People's Committee and other leaders of agencies
visit CAP Global Co. Ltd. at Luong Son Industrial Park
There were 4,296 enterprises in the province by the end of last
year. Half of them (2,143 enterprises) were engaged in the industry and
construction sectors. Commercial and service firms (1,679) accounted for 39.1%
while agricultural, forestry and fishery enterprises (312) made up 7.3%. Those
of other sectors accounted for 3.8%. These businesses have contributed to
helping thousands of people have stable jobs. Most of the enterprises are small- and micro-sized enterprises. They contribute
over 2.3 trillion VND (97.3 million USD) to the State budget per year.
In addition to limitations related to the scientific and technical level,
enterprises also faced many hurdles as the consumption market has not improved
much. It is still difficult for them to implement some supporting mechanisms
and policies of the Government.
Slow administrative reform in the fields of investment, construction and land
has caused many businesses to miss their investment opportunities, while others
have faced difficulties relating to land compensation and site clearance.
A lot of leaders of enterprises haven’t undergone training relating to
financial and human resource management, marketing and business strategy
building. Some investors still lack financial capacity and do not have high
responsibility for the projects' implementation.
To facilitate enterprises’ performance, in the coming time, Hoa Binh will
continue to adopt solutions to improve the provincial competitiveness index,
focusing on attracting investment. It will promote the development of infrastructure, especially in the field of
transport as well as the establishment of new businesses with credit and tax
incentives.
Administrative procedure reform will be sped up along with the application of
information technology in management. Commercial banks will be asked to handle shortcomings, especially bad debts so
that businesses can access loans and generate jobs.
Hoa Binh will strengthen the management of basic construction investment,
accelerate the disbursement of investment capital for projects which are funded
by the State budget and national target programmes, and contribute to
increasing the sales of construction materials produced in the province./.
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.
