(HBO) - According to a report of the provincial People’s Committee on developing enterprises, a total of 400 new enterprises were set up in Hoa Binh in 2019, with total registered capital of 4,500 billion VND. In comparison with last year, the number of new enterprises dropped by 4.8 percent but the amount of capital picked up 39.7 percent.

Besides, 54 firms applied to open branches and representative offices in the province. The relevant agencies have amended and supplemented 1,067 business licences.

The T&T 159 joint Stock Company invests in a workshop to process post-harvest agricultural byproducts, contributing to enhancing the company’s production and business performance.

During the year, many enterprises met with difficulties in production and business. As a result, 29 firms were dissolved, 118 others temporarily suspended operation, and five had their business licences revoked. Therefore, as of the end of 2019, Hoa Binh has an estimated over 3,500 firms, with nearly 40,000 billion VND in total registered capital./.


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