(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./.



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