(HBO) - In 2021, the Party Committee and People's Committee
of Hoa Binh province focused on investment promotion activities, while
strengthening coordination in handling administrative procedures, implementing
many solutions to improve the business environment, and helping remove
difficulties for businesses and investors, especially those affected by the COVID-19
pandemic. As a result, the business and investment environment continued to be
improved while and investment attraction and development of businesses saw good
results.
In 2021, many businesses in the province made efforts to
overcome difficulties to promote production and business, and stabilise jobs
for workers. (Photo taken at Ho Guom Group’s Tan Lac branch garment factory).
In December, the whole province had 43 newly-established
enterprises with a registered capital of 820.7 billion VND, and four resumed
operations.
With this result, in 2021, 415 enterprises with a total
registered capital of 14.68 trillion VND were established, up 14 percent in the
number of firms and 15.9 percent in capital. During the year, nearly 130
enterprises registered to suspend production and business activities, 42
enterprises voluntarily dissolved, and 99 businesses returned to the market.
At present, Hoa Binh has about 4,180 operating enterprises
with a total registered capital of nearly 60 trillion VND./.
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.