(HBO) - Over the past years, the Party Committee and People’s Committee of Hoa Binh province have rolled out many solutions to support the private economic sector, contributing to the renewal process and socio-economic development in the locality.
SMA Vina Viet-Han
Garment Import-Export Co. in Dan Chu ward, Hoa Binh city, has generated jobs
for many local labourers.
Hoa
Binh province has paid attention to improving the local business environment
and removing barriers hindering the development of the private economic sector.
The
provincial Party Committee and People’s Committee have instructed departments,
agencies and localities to regularly review administrative procedures relating
to investment, construction, land and business registration.
In
addition, the local tax sector has maintained online tax declarations and
payments and reduced overlapping inspections.
Local
departments and agencies have frequently provided updates on administrative
procedures at public administrative service centres, offices and websites,
making it easier for organisations, individuals and businesses to access
information.
Over
the past five years, Hoa Binh attracted 284 projects with total registered
capital of nearly 48 trillion VND (2.07 billion USD), including 17 foreign
direct investment (FDI) projects worth 275.7 million USD.
Local
industrial parks now accommodate 96 projects, with 25 FDI projects valued at
539.47 million USD and 71 domestic projects worth nearly 7.39 trillion VND. As
many 60 projects have been put into operation, creating jobs for nearly 19,800
labourers.
There
are 2,100 newly-registered firms with combined capital of 30 trillion VND and
34,000 household businesses. Hoa Binh province has encouraged eligible
households to transform themselves into enterprises./.
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.