(HBO) - Enterprises and economic sectors are asserting that they are the core force in economic development and social security guarantee. The enterprises of the province boldly structured and organized the linkages, seized new opportunities and shifted their investment to the fields with competitive advantages of the province.

Esquel Textile and Garment Group - a foreign company investing in a factory in Luong Son Industrial Park operates and makes a profit among foreign invested enterprises. In 2017, the company was honorable to receive the excellent emulation flag of the provincial People's Committee. Currently, the company is planning to invest in expanding production, creating jobs for 1,000 workers by 2019.

 

Esquel Vietnam Garment Company (Luong Son Industrial Park)

 

Private enterprises in the province are restructuring, reorganizing production, reducing costs, boldly investing in new areas of business that have previously been little or no interest. From the restructuring of the enterprise, focusing on the human factor, improving the business administration competence, implementing the "breakthrough" business solutions, Hoang Son Company effectively implemented many important invested projects in the fields of commerce, hydropower and being the successful investor of many important projects inside and outside the province, building prestige by many projects and constructions which contribute to the development of structure Socio-economic infrastructure of the province.

Hoa Binh Tourism joint Stock Company is one of the first enterprises to invest in tourism on Hoa Binh Lake. The company is implementing some key projects.

Up to now, the province has 2,773 enterprises, 385 cooperatives, 36,487 individual business households which are actively contributing to job creation and economic restructuring of the province. Annually, enterprises have achieved the turnover of trillions VND, creating new production capacity, paying hundreds of billions of VND to the state budget, creating jobs for thousands of workers, contributing significantly to the restructuring of the economy to sustainable development under provincial planning. In 2017, in the context of many difficulties, the province still achieved the economic growth rate (GRDP) of 9.46%. The total investment capital of the whole society was 11,840 billion VND. The export value reached at 505 million USD. The average income per capita reached at 40.5 million VND.

 


 

Related Topics


Tan Lac district reaches high consensus on organisational restructuring

Seven years after the 12th Party Central Committee’s Resolution, Tan Lac district has seen considerable progresses.

Decisions on Hoa Binh’s political system restructuring, personnel affairs announced

The Standing Board of the Hoa Binh provincial Party Committee has held a conference to announce decisions regarding the apparatus restructuring of the province’s political system and personnel affairs.

Hoa Binh's young people proud and ready to answer sacred call of duty

Following the results of the military enlistment examination for 2025, Lac Son district has seen 100 young men and women volunteering to enlist in the military. Among these recruits, there are several families where two siblings have both written voluntary enlistment letters, eager to undertake the sacred task of protecting the nation.

Hoa Binh province embraces bright future under Party's leadership

 As the Party Organisation and people of Hoa Binh province welcome the arrival of spring, they take pride in the remarkable achievements obtained under the leadership of the Communist Party of Vietnam (CPV), which turns 95 this spring. With a shared determination to build a prosperous future, they embrace ambitious aspirations for national development, joining hands with the whole country to prepare to enter a new era-one of national progress and advancement.

Relic site commemorating Uncle Ho’s visit to Chi Hoa Production Group helps educate youngsters on patriotism

In 2023, the relic site where President Ho Chi Minh visited the Chi Hoa Production Group in Lam Son commune, Luong Son district of Hoa Binh province, was officially recognised as a provincial-level revolutionary historical site. Each year, it draws numerous visitors from across Vietnam and abroad, becoming a "red address" for educating young generations on the nation's revolutionary traditions.

Proud of Party membership badges

According to the Party Charter, Party members who have been active in the revolution for a long time, and have maintained their Party membership for 30 years and more, will be awarded the Party badge. This is a noble reward, not only a source of pride and excitement for the Party members themselves and their families, but also a source of pride for the Party organisation that has such outstanding members who are shining examples for everyone to learn from and follow.