(HBO) – The 13th forum on cooperation and connectivity for the development of enterprises in the northern region has been jointly held in the northern province of Hoa Binh by the Vietnam Association of Small and Medium Enterprises (SMEs) and the provincial People’s Committee.
A view of the forum.
The forum
discussed ways for enterprises to increase connectivity, come out victorious in
the battle against COVID-19 and help fulfill the country’s dual goals.
In his remarks at
the event, Minister of Planning and Investment Nguyen Chi Dung said the era of
the fourth Industrial
Revolution and global changes triggered by COVID-19 have opened major
opportunities for Vietnam. He expected domestic firms to change their mindset
and vision to develop a strong business community and create high-quality
products, contributing the the national economic growth.
In the face of the
COVID-19 crisis, participating leaders of ministries and governmental agencies
advised companies to adapt to the "new normal” and improve their resilience to
develop.
To help the SMEs
weather the unprecedented crisis and recover, the business representatives
proposed the ministries, agencies and local administrations to acknowledge
their role in the economy and create a fair environment for them to compete
with large corporations. They also urged for the soon implementation of the Law
on Support for SMEs and adoption of incentives in terms of land, taxation and public
administration procedures.
The enterprises
also asked for support in promoting trade internationally and seeking new
sources of supply and buyers overseas.
Chairman of the
provincial People’s Committee Bui Van Khanh briefed participants on results of Hoa Binh’s 17th Party Congress and
local socio-economic situation.
He attributed thelocal socio-economic
development to efforts of the local business community.
Hoa Binh always
welcomes investors and supports them in carrying out investment procedures, he
said, adding that the province will take measures to enhance quality of public
service delivery and provide the investors all possible conditions./.
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.