(HBO) - In the first nine months of 2020, despite negative impact from the COVID-19 pandemic, Hoa Binh’s businesses progressed positively. The entire province recorded 285 newly registered firms, whose capital amounting to about 6.5 trillion VND (280.8 million USD), annual increases of 2.9 percent in the number of companies and 36.21 in registered value.
Overcoming pandemic-related difficulties, RNS garment
company in Hoa Binh city’s Thong Nhat ward has stablised its operation,
creating jobs.
In the period, 160 enterprises registered for their
establishment of branches and representative offices. Local authorities also
issued 1,305 updated business licences and revoked business licences of 156
firms. A total of 130 companies registered to temporarily stop
operation, and 28 others voluntarily dissolved, while 75 companies and 13
branches and representative offices resumed their business./.
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.