(HBO) - In order to create favorable conditions for the private economy to develop and encourage the development of businesses, from 2018 to 2020, the People's Committee of Hoa Binh province directed the implementation of the Law on Supporting Small and Medium Enterprises (SMEs) and applied mechanisms and policies to promote efficient operations of enterprises, thereby improving the local business and investment environment.
Ho Guom Group's
garment factory in Tan Lac district enjoys the tax support policy of the
province, helping it to overcome difficulties.
In recent years, enterprises in the province
have grown in both quantity and quality. Every year, the number of newly
established enterprises increases. By the end of 2020, the province had 3,770
enterprises with a total registered capital of more than 47 trillion VND (2.05
billion USD). Of which, there are 3,527 SMEs, accounting for over 97 percent of
the total number of enterprises with registered capital of nearly 31.5 trillion
VND.
In order to effectively implement the Law on
Support for SMEs, the provincial People's Committee issued Plan No.
158/KH-UBND, dated December 6, 2018 on supporting SMEs in the province. The
plan specifies solutions, mechanisms, preferential policies for the SMEs and
assigns specific tasks to departments, agencies, sectors and localities to help
develop and support SMEs.
With the participation of administrations at all
levels and sectors, it has created a driving force to help businesses thrive.
Accordingly, the provincial People's Committee has urged localities to promote
technological assistance by guiding enterprises to apply management systems,
productivity improvement tools. The province also provides supports for
enterprises to implement origin traceability systems, apply good agricultural
practices, and develop organic agricultural production.
According to data released by the Department of
Planning and Investment, by 2020, the total revenue of SMEs in the province is
estimated at 49.6 trillion VND (2.16 billion USD) with the average income of
employees is from 4.5 to 6.5 million VND per month./.
In Lac Thuy district, communes have been succeeded in promoting their One Commune-One Product (OCOP) products while others are still struggling to position their typical farming products in market. Some communes in the district still fail to have their products met OCOP programme’s requirements, while others have seen their certifications expired.
The inspectorate agency of Hoa Binh province has issued Official Dispatch No. 1090/TTr-PCTN to provincial departments, agencies, localities, business associations, enterprises, and investors regarding measures to improve informal component indexes of the Provincial Competitiveness Index (PCI).
Hoa Binh is taking concrete steps to improve its investment environment, with a strong focus on supporting businesses, settling obstacles for strategic investors, and creating opportunities for robust development in the coming years.
Under the blazing early summer sun, the construction site of Nhuan Trach Industrial Park (IP) in Luong Son district is abuzz with activities from dawn to dusk, a testament to the determination of the investor to meet their construction targets on schedule.
