Hoa Binh approves investment proposals for 14 new projects

3/15/2019 - 4:48:07 PM

HBO – From the start of 2019, the north western province of Hoa Binh approved investment proposals for 14 projects of domestic investors with registered capital worth nearly 1.58 trillion VND (68.31 million USD), up 1 project and 954.7 billion VND in capital compared to the same period last year.

By the end of the year’s first quarter, the province is forecast to have 536 investment projects in total, including 38 foreign direct investment projects with 625 million USD in registered capital and 498 domestic ones with capital of about 67.9 trillion VND (2.9 billion USD).

As many as 50 projects have become operational in industrial parks in Hoa Binh, contributing to tate budget collection and creating jobs for local people. Photo: Hoa Binh Knitting Company, based in the industrial park on the left bank of Da River, generates jobs for 400 workers.

There were 88 projects receiving licences to operate in the province’s industrial parks. Of the number, 25 projects are FDI ones with registered capital worth 573.98 million USD and 63 domestic projects capitalised at about 7 trillion VND.

Up to 50 projects across the province have begin operation, creating jobs for about 17,250 labourers.

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Currently, Luong Son district counts 905 business establishments operating in industry and handicraft, helping generate jobs and stable incomes for local labourers.

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