Chairman of the Hoa Binh People’s Committee Bui Van Khanh on February 2 held a Lunar New Year meeting with businesses, investors and cooperation in the locality. The event drew Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Council Bui Duc Hinh; Vice President of the Vietnam Chamber of Commerce and Industry Hoang Quang Phong; representatives from the Vietnam Association of Small and Medium-Sized Enterprises and the Vietnam Association of Young Entrepreneurs; as well as leaders of local departments, sectors and localities and 200 local businesses, cooperatives and investors in the locality.
Vice President of the Vietnam Chamber of Commerce and Industry Hoang Quang Phong pledges to create favourable conditions and provide highest support to Hoa Binh and local businesses and investors during their development process.
In 2023, despites difficulties and challenges, Hoa Binh still recorded comprehensive achievements in all fields. The province completed its provincial planning for the 2021-2030 period with a vision to 2050.
Along with effective solutions to support local businesses and investors, Hoa Binh saw improvements in the local investment environment and competitiveness. The province ranked 23 among localities in administrative reform index, and leaped nine places in the provincial competitiveness index. Particularly, currently, it takes only one day for a company to process the business registration procedures, and 14 days to get construction licences, and 2.99-3.57 days for power supply service access.
At the meeting, local businesses and investors thanked the Hoa Binh Party Committee, People’s Committee and People’s Council as well as provincial departments, sectors and localities for supporting them over the years.
They raised a number of suggestions, including continuing to improve the investment environment and reform administrative procedures, supporting travel and agricultural firms, speeding up ground clearance, promoting transport projects and regional connections.
Addressing the event, Vice President of the Vietnam Chamber of Commerce and Industry Hoang Quang Phong hailed the efforts of Hoa Binh in listening to the voice of local businesses and deal with their difficulties. He the VCCI will create optimal conditions and provide maximum assistance for businesses and investors in Hoa Binh during their development process.
For his part, Chairman of the provincial People’s Committee Bui Duc Hinh recognised the contributions of the business community to the socio-economic development of the province.
He vowed that the province will provide best investment environment for them and accompany them during their development. Hinh also called for their contributions of ideas in building and implementing the provincial planning in the 2021-2030 period with a vision to 2050, as well as their recommendations in policies and mechanisms, as well as their feedback.
The provincial leader expressed his hope that local businesses will engaging in implementing political tasks and movements of the province.
On the occasion, the People’s Committee of Hoa Binh presented the emulation flags to three businesses that showed outstanding performance in national patriotism emulation movements in 2023, as well as the certificates of merit to 17 others.
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.
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