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(HBO) – In 2018, the northwestern province of Hoa Binh had 450 new enterprises, with total registered capital worth 7.5 trillion VND (323 million USD). Besides, 24 firms dissolved and 150 others halted their operations in the year.
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Son Thuy joint Stock Company in Denh village, Dan Hoa commune
(Ky Son district, which specialises in manufacturing and trading wooden
products, contributes 20 billion VND to the State budget in 2018.
Hoa Binh province is now home
to about 2,800 businesses, with registered capital totalling 36 trillion VND (1.55
billion USD). As many as 546 investment projects do not use the State budget, including
38 foreign direct investment (FDI) projects worth 702 million USD and 508
domestically invested ones capitalised at 67 trillion VND (2.88 billion USD).
Projects already are in
operation accounts for nearly 50 percent, contributing 440 billion VND (18.95
billion USD) annually to the State budget and creating stable jobs for about
28,100 workers.
In 2018, the province’s
economy was estimated to grow 8.36 percent, ranking second in the northwestern
region, fourth in the northern mountainous and midland region, and 19th across
Vietnam./.
Vice Secretary of the provincial Party Committee and Chairman of the provincial People's Committee Bui Van Khanh chaired the regular October meeting of the provincial People's Committee to review 2024 socio-economic performance.
Taking advantage of favourable weather conditions, constructor is speeding up the construction of technical infrastructure at Tien Tien industrial cluster in Quang Tien commune of Hoa Binh city. So far, the construction of important infrastructure works in the industrial cluster such as the operation office, wastewater treatment plant, power supply system, clean water supply system, fire prevention and fighting system, rainwater drainage system, and internal traffic roads has been completed.
Numerous credit solutions have been implemented by local banks in Hoa Binh province to support individuals and businesses affected by Typhoon Yagi. These measures include debt rescheduling, providing in-depth financial advice, and offering interest rate reductions based on the extent of damages.
Starting from nothing and persevering through a challenging entrepreneurial journey, Bui Van Nhung, a teacher and Party member in Lac Son district’s Nhan Nghia commune - has built Nhung Van Co. Ltd. into a respected provider of high-quality products. Driven by his passion and determination to overcome poverty, this young Party member has blazed a new trail, inspiring the aspirations of farmers across Mường Vang.
In November 8, at Kim Boi District Stadium, the Department of Industry and Trade and the People's Committee of Kim Boi District, Hoa Binh province jointly organized the opening of the Fair to display and introduce typical products of ethnic minority and mountainous areas.
Orange growers in Cao Phong district of Hoa Binh province have enjoyed a good harvest and good prices of the fruit this year.
