(HBO) – The complicated developments of COVID-19 have seriously affected all social aspects, especially economic development. Growth decline was recorded in many fields. In the first quarter of 2020, the gross regional domestic product (GRDP) was estimated at 6.62 percent. The figure is projected at 4.57-5.86 percent in the second quarter due to the impact of the pandemic on business and production activities.
Garment-textile export firms at Luong Son industrial park
meet an array of difficulties to maintain business and production due to
COVID-19. Photo: Esquel Garment Manufacturing (Vietnam) Co., Ltd.
As of April 15, 136 local businesses and one
cooperative dissolved, while 1,392 household business establishments registered
for halting production. The number of firms having to withdraw from the market
or suspend operation is expected to surge in the coming time, especially
small-and medium-sized ones.
Along with businesses, cooperatives and business
households, workers, especially low-income earners, have been seriously
affected. As many as 275 employees had their labour contracts terminated, while
over 1,330 others had to halt working during COVID-19.
Promoting the economy after the pandemic is an
extremely important task to achieve socio-economic development targets in 2020.
To achieve the goal of collecting 5 trillion VND
(213.3 million USD) to the State budget this year, the provincial People’s
Committee has directed reviewing all revenue resources, especially from hydropower
and land use fees.
Investors and management boards of projects were
tasked to focus on preparing investment and land clearance. The province will
strictly handle those with slow disbursement of public investment.
The provincial People’s Committee requested all
sectors to continue paying great attention to curbing the disease as well as
supporting businesses to remove difficulties./.
After the Lunar New Year (Tet) holidays, trade union members and workers in Hoa Binh province returned to work with an excited spirit at the beginning of the new spring. Throughout the workshops, factories and enterprises, they were full of enthusiasm, immediately getting to work, striving to excellently complete tasks and production and business targets.
Red grapefruit is a native crop of Tan Lac district, where the fertile soil and favourable climate create ideal conditions for its growth. With over 80% of the area being mountainous, at an altitude of 300-400 metres above sea level, red grapefruits here thrive on well-drained, fertile hillside soil. The region’s large temperature variation between day and night enhances the fruit's nutrient absorption. The local cultivation techniques also contribute to its uniqueness
The provincial business association recently convened a conference to review its 2024 operations and outline plans for 2025. The meeting was attended by Standing Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Bui Duc Hinh along with leaders from various departments and agencies.
Hoa Binh province is prioritising rural transportation infrastructure to improve mobility, facilitate trade, and boost socio-economic development.
The Minister of Agriculture and Rural Development has just issued Decision No. 377/QD-BNN-VPĐP approving the results of the evaluation and classification of the products of the National One Commune One Product Program in 2024 (phase 3).
As the Lunar New Year (Tet) approaches, the market becomes more vibrant than ever. In Hoa Binh province, preparations for Tet have been bustling since the 20th of the last lunar month, with an abundant supply of goods to meet the growing consumer demand.
