(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


Hoa Binh province follows Uncle Ho’s teachings

Throughout his revolutionary life, Uncle Ho visited Hoa Binh province four times. He also sent dozens of letters, telegrams, greeting cards, and heartfelt messages to local officials, Party members, and people of all ethnic groups, urging them to remain united, support one another, strive for progress, and actively engage in both production and resistance efforts to build a prosperous homeland.

Hoa Binh focuses on large timber plantation to improve forestry value chain

To unlock the full potential of its forest resources, the standing board of the provincial Party Committee on July 30, 2020 issued a Resolution on the sustainable development of production forests through 2025, with a vision toward 2030.

Cao Phong district promotes education through learning from President Ho Chi Minh’s example

In recent years, the education and training sector in Cao Phong district, Hoa Binh province, has actively integrated its tasks with the promotion of studying and following President Ho Chi Minh’s thought, ethics, and style. This approach has contributed significantly to improving the overall quality of education across the district.

Thematic exhibition on CPV’s formation, development, achievements opens

The Hoa Binh provincial museum on May 16 opened a thematic exhibition "Under the flag of the glorious Communist Party of Vietnam" with more than 200 documents, images and objects featuring the glorious 95-year journey of the Party.

Hoa Binh police harness digital ID app to collect public feedback on amendments to 2013 Constitution

Hoa Binh police are collecting public feedback on amendments to the 2013 Constitution via the national identification app VNeID. This innovative approach marks a giant leap towards modernising grassroots democracy and enhancing transparency in public consultation.

Hoa Binh reviews progress of substandard housing eradication programme

Nguyen Phi Long, alternate Member of the Party Central Committee and Secretary of the Hoa Binh Party Committee, on May 14 chaired a meeting of the provincial steering committee for its programme to eliminate makeshift and dilapidated housing for the poor. The session reviewed the programme’s outcomes to date and discussed forthcoming tasks.