(HBO) – The People’s Committee of Hoa Binh reported that in the first quarter of 2023, provincial departments, sectors and localities exerted great efforts in the development of enterprises, collective economy and investment promotion. As a result, the locality saw the establishment of 100 new businesses with total registered capital of about 2 trillion VND (85.08 million USD).
Bigfa JSC in Luong Son Industrial Park, which specializes in
producing pharmaceutical and cosmetic products, has created jobs for hundreds
of local workers.
Investment attraction activities also received great attention. In the first
three months of this year, the province approved the investment policy of seven
domestically-invested projects with combined capital of 611.4 billion USD, a
surge of 58.3% in project number and 124.4% in value.
To date, the province has hosted 730 projects, including 37 foreign direct
investment projects with total registered capital of 608 million USD and 693
domestically-invested projects worth about 184.6 trillion USD.
Local industrial parks are accommodating 105 valid projects. Revenue from
production and business activities in the first quarter of enterprises in local
industrial parks was estimated at 5.28 trillion, up 9.32% over the same period
last year./.
Recently, the Standing Committee of Cao Phong District’s Youth Communist Union has actively directed the effective implementation of the models of collective economic development among youth, promoting the start-up movement among the youth, and helping each other develop the economy to get rich in their homeland.
Da Bac district leverages its abundant grazing lands and diverse food resources to develop goat farming as a key economic model. This initiative not only enhances incomes but also contributes to poverty alleviation and local socio-economic development.
The year-end is considered a "golden time" to stimulate trade and tourism. Various activities have been organised to seize positive market signals, enhance product branding, and drive socio-economic growth.
Hoa Binh Province currently has over 870
hectares of tea plantations, with six districts having concentrated tea
production areas that boast advantages in soil, climate, history, and
distinctive tea varieties: Yen Thuy, Lac Thuy, Da Bac, Mai Chau, Tan Lac, and
Luong Son.
Recently, Hoa Binh province has continued to review the planning of industrial parks up to 2030 and implemented procedures to prepare subdivision plans for industrial parks as per regulations.
Da Bac district leverages its abundant grazing lands and diverse food resources to develop goat farming as a key economic model. This initiative not only enhances incomes but also contributes to poverty alleviation and local socio-economic development.
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