(HBO) – As part of efforts to realise the Resolution of the 12th National Party Congress and the resolution issued at the 16th provincial Party Congress which clarifies that businesses is the motivation for the economic development, over the years, Hoa Binh has created best conditions for the promotion of startup, creating smooth business and investment environment for them, while accompanying them during their operation, thus contributing to realising the goal of boosting the province’s growth in the integration period.
Bui Van Khanh, Chairman
of the People’s Committee of Hoa Binh and members of the working delegation
inspect the resettlement area of the Da River’s left bank industrial park in
Hoa Binh city.
Thanks
to the drastic direction of the province, over the years, the local business
community has expanded in both quality and number. The structure, scale and
operation areas of businesses have seen positive progress, suitable to the
economic structure transformation of the province.
The
key role of businesses in economic development has been affirmed, which has
contributed to completing the province’s socio-economic development.
Currently,
the province has had over 3,000 companies, mostly small and medium in size.
As
of September, the province had hosted 568 projects, including 528
domestically-run projects worth over 69.3 trillion VND, and 40 FDI ones with
combined capital of 584 million USD.
Over
the years, the provincial Business Association has showed active performance in
external relations activities, while calling on big businesses to introduce the
potential of the locality.
The
association has coordinated with local authorities to organise meetings and
dialogue with businesses to seek measures to deal with difficulties facing them
and support their production and business, contributing to transforming the
socio-economic structure of the province.
In
order to boost the growth of local entrepreneurs and help them catch up with
the Fourth Industrial Revolution, in the future, local authorities will help
the local business community to grasp opportunities, understand policies of the
Party and State in business and production and apply advance technology to
enhance the productivity and quality of their products./.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
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.