(HBO) – The complicated developments of COVID-19 have seriously affected all social aspects, especially economic development. Growth decline was recorded in many fields. In the first quarter of 2020, the gross regional domestic product (GRDP) was estimated at 6.62 percent. The figure is projected at 4.57-5.86 percent in the second quarter due to the impact of the pandemic on business and production activities.
Garment-textile export firms at Luong Son industrial park
meet an array of difficulties to maintain business and production due to
COVID-19. Photo: Esquel Garment Manufacturing (Vietnam) Co., Ltd.
As of April 15, 136 local businesses and one
cooperative dissolved, while 1,392 household business establishments registered
for halting production. The number of firms having to withdraw from the market
or suspend operation is expected to surge in the coming time, especially
small-and medium-sized ones.
Along with businesses, cooperatives and business
households, workers, especially low-income earners, have been seriously
affected. As many as 275 employees had their labour contracts terminated, while
over 1,330 others had to halt working during COVID-19.
Promoting the economy after the pandemic is an
extremely important task to achieve socio-economic development targets in 2020.
To achieve the goal of collecting 5 trillion VND
(213.3 million USD) to the State budget this year, the provincial People’s
Committee has directed reviewing all revenue resources, especially from hydropower
and land use fees.
Investors and management boards of projects were
tasked to focus on preparing investment and land clearance. The province will
strictly handle those with slow disbursement of public investment.
The provincial People’s Committee requested all
sectors to continue paying great attention to curbing the disease as well as
supporting businesses to remove difficulties./.
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.
