(HBO) – The Hoa Binh Business Association partnered with the Vietnam Chamber of Commerce and Industry (VCCI) and FAC Financial & Accounting Consultant Co., Ltd. to organize a training course on April 22 – 23 to update local enterprises on the Law on Support for Small- and Medium-sized Enterprises (SMEs).
Local enterprises are
provided with legal knowledge on taxation and updates on the Law on Support for
SMEs.
During the two-day course, enterprises
were provided with information on new taxation policies and instructed in how
to access the innovative startup fund. They were also guided in how to fix
errors in calculating value added, corporate income, personal income and
business licence taxes before preparing financial statements; and issues that
need attention during the settlement of taxes.
The second congress of the provincial
Business Association for the 2020 – 2025 term is set to promote its role in
supporting local firms in management personnel training, provision of legal
information; and increasing benefits for its members.
Last year, Hoa Binh climbed four places
to rank 44th out of 63 cities and provinces nationwide in Provincial
Competitiveness Index (PCI). The province has been applying the set of
competitiveness indexes and surveying local firms’ opinions about the local
business climate as part of the District and Department Competitiveness Index
(DDCI). The move is expected to create big breakthroughs in improving the province’s
business environment./.
Hoa Binh province’s economy posted an impressive Gross Regional Domestic Product (GRDP) growth rate of 12.67% in the first quarter of 2025, representing a 12.76% year-on-year increase, the highest rate recorded since the beginning of the current tenure, according to the provincial Statistics Office. This robust growth reflects years of strategic groundwork and sets a strong foundation for the province’s annual growth target of over 10%.
With a focus on cash crop farming with science - technology application and brand building, Lac Thuy district is gradually increasing production value, improving people's life quality, and laying the foundation for sustainable socio-economic development.
In recent years, the economic development model "Hoa Binh Earthworm Farm” run by Mr. Bui Van Dang in Co Giua Hamlet, My Thanh Commune (Lac Son district) has not only brought stable economic value but it is also environmentally friendly, helping to protect and reduce pollution, contributing to the construction of a green and sustainable agriculture.
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
