(HBO) – As many as 200 businesses were set up in the northwestern province of Hoa Binh in the first six months of the year, representing a rise of 20.47 percent year-on-year.
The combined registered capital of those firms amounted to 2.8 trillion VND (121.34 million USD), up 169.67 percent.
Esquel
Vietnam,operating in Luong Son Industrial Zone, creates jobs for 4,000
labourers.
Relevant authorities handled procedures for 38 firms to register their
branches and representative offices. They also issued changes of business
registration certificates for 453 firms.
In the period, 72 enterprises halted their operations and 25
others had their certificates revoked, with seven of them voluntarily
dissolved.
The province has instructed the completion of the equitisation to
turn the Road management Section I into the Hoa Binh Traffic Construction joint
Stock Company, as well as the continuation of the first public offering of the Road
management Section II.
Procedures to change agricultural companies into limited companies
with at least two members are also in preparation, while a plan to divest the
Hoa Binh clean water joint stock company in 2018 is underway.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.
Hoa Binh province has mobilised all resources to propel local agricultural products to make inroads into foreign markets, towards lifting the export turnover of key agricultural products to 137.8 million USD by 2030, accounting for 3.4% of the locality’s total export value of goods.
The locality aims to export farm produce to the US, the European Union, the UK, China, Japan, and the Republic of Korea.
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