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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./.
The provincial Department of Agriculture and Rural Development on November 20 coordinated with Hai Dang Group Hoa Binh Seafood Company Limited to release 1.5 tonnes of fries into Hoa Binh Lake to regenerate aquatic resources, with a total value of 266 million VND (10,460 USD).
On the afternoon of November 16, Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the provincial Party Committee, held a reception for a delegation from the Indian Embassy led by Ambassador Sandeep Arya. The delegation included the chairperson of the Indian Chamber of Commerce in Vietnam, embassy personnel, and Indian businesses operating in Vietnam. Accompanying Long at the meeting were leaders of the provincial People's Committee and representatives from various departments and sectors.
Hoa Binh province hosted the "Meet India 2024" conference on November 16, marking a significant step in strengthening bilateral economic ties between Vietnam and India.
In recent times, with its core role in building and fostering great national unity, Cao Phong district's Vietnam Fatherland Front Committee has actively carried out its responsibilities and front work, and closely collaborated with member organisations to encourage locals to implement the Party’s guidelines, and the State’s policies and laws. At the same time, it has worked to promote the dynamism, creativity, and contributions of officials, Party members, and local people to help the district develop further.
From a type of bulb used as a seasoning for daily meals, thanks to the efforts of local authorities and farmers, shallots have become a commercial crop in Yen Thuy district, contributing to promoting the transformation of crop structure in agricultural production, bringing higher incomes to locals.
