(HBO) - According to a report of the provincial People’s Committee on developing enterprises, a total of 400 new enterprises were set up in Hoa Binh in 2019, with total registered capital of 4,500 billion VND. In comparison with last year, the number of new enterprises dropped by 4.8 percent but the amount of capital picked up 39.7 percent.
Besides, 54 firms applied to open branches and
representative offices in the province. The relevant agencies have amended and
supplemented 1,067 business licences.
The T&T
159 joint Stock Company invests in a workshop to process post-harvest
agricultural byproducts, contributing to enhancing the company’s production and
business performance.
During the year, many enterprises met with
difficulties in production and business. As a result, 29 firms were dissolved,
118 others temporarily suspended operation, and five had their business
licences revoked. Therefore, as of the end of 2019, Hoa Binh has an estimated
over 3,500 firms, with nearly 40,000 billion VND in total registered capital./.
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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