(HBO) - While COVID-19 was raging, production and business activities at many enterprises in Hoa Binh province were disrupted due to falling market demand or rising raw material prices and input costs. The introduction of pandemic prevention and control measures affected the production and distribution of goods, resulting in job insecurity and lower incomes for many workers. Businesses and cooperatives also found it difficult to access bank capital and rent production land.
To help businesses recover and develop production quickly,
the Provincial People’s Committee directed reductions of and payment extensions
to corporate income taxes. Photo taken at the Hai Hien Bamboo and Wood joint
Stock Company in the Mong Hoa Industrial Park, Hoa Binh City.
Chairman of the
Provincial Business Association Nguyen Cao Son said businesses operating in Hoa
Binh are mainly of small or micro-size, so were heavily affected by COVID-19,
especially by difficulties in investment capital and bank interest rates. Many were
unable to operate for long periods but still had to repay bank loans. They
therefore hope to receive direct support regarding interest rates to ease the financial
Replying to business
wishes, the Provincial People’s Committee has focused on resolving difficulties
facing enterprises and cooperatives and accelerating the recovery and
development of production and business activities. A number of solutions have
been determined, including the reduction of tax for businesses. In addition,
the Provincial People’s Committee has directed the implementation of 2 percent
per annum interest rate support for 2022 and 2023 for commercial loans for businesses,
cooperatives, and business households.
practical tasks and solutions being urgently deployed in the field of social
security and employment, Hoa Binh province has also mobilised and effectively
used resources and investment in infrastructure development, promoted
administrative reform, and improved the business investment environment,
boosting growth drivers and striving to reach targets set for the 2021-2025 period,
in which average annual gross regional domestic product (GRDP) growth is to be 9
(HBO) – As the COVID-19 pandemic has been put under control, business, trade and service activities in Hoa Binh have recovered and developed strongly, with effective operation of markets, shopping centres and supermarkets.
(HBO) - According to the report of the People's Committee of Lac Thuy district, in the first 6 months of the year, the value of the industrial and handicraft production in the district was estimated at 780.74 billion VND, reaching 49.95% of the plan. Some key products with advantages have brought high economic value. They include 112.98 thousand m3 of exploiting stone of all kinds, reaching 49.97% of the plan; 46.5 million of baked bricks, reaching 49.8% of the plan; 13.14 million of the concrete bricks, reaching 49.6% of the plan.
(HBO) – Under the Government’s Project No. 06/CP on developing the application of population data, electronic identification and electronic verification, public security forces at all levels in Hoa Binh province have stepped up communications, encouraged and guided local residents to handle administrative procedures on the public service portal.
(HBO) – The Hoa Binh Provincial Council for Emulation and Commendation coordinated with the People’s Committee of Hoa Binh city to hold the first exchange conference for role models on July 7. The event was attended by leaders of the provincial Department of Home Affairs and the Hoa Binh Municipal People’s Committee, along with 41 individuals who are role models from localities across the province.