(HBO) - (HBO) – Hoa Binh province had 262 freshly-established businesses with registered capital totaling more than 8.9 trillion VND (384.37 million USD) during January-October. In October alone, there were 38 new enterprises registering 350.5 billion VND for their operation. In the month, 18 companies registered to halt operation while three voluntarily left the market.
JAENEUNG trade and service Co.,Ltd in Thong Nhat ward, Hoa Binh
city, promotes production and works to create stable jobs for local labourers.
The province agreed in principle for the establishment of four domestic
investment projects valued at more than 1.4 trillion VND, and decided to stop
operation of two others in October. In the 10-month period, local authorities
approved investment policy decisions for 38 projects, 36 of which worth nearly
16.83 trillion VND are invested in by domestic firms, and the rest valued at
3.6 million USD are invested in by foreign businesses.
To date, the province is home to 590 projects, including 41 FDI projects worth
587.6 million USD, and 549 domestic projects valued some 87.1 trillion VND./.
Being located more than 10 km from the center of Hoa Binh city, Sen Vang Organic Farm is in Dong Chua hamlet, Thong Nhat ward. This is an ideal destination for those who want to immerse themselves in the nature and find the peace after the hustle and bustle of life. With an area of over 60 hectares, the farm is systematically planned, harmoniously combining the wild natural landscape and diverse experience areas. Sen Vang chrysanthemum tea is produced from organic, completely natural ingredients.
In 2024, Hoa Binh province witnessed signs of economic recovery, particularly in investment attraction. Notably, several projects are showing good progress, indicating that the vitality of businesses is positively correlated with the overall economic recovery.
The 25th Party congress of the Lac Thuy district for the 2020-2025 term identified the development of industry, trade, and services as its top priorities to drive the shift of the economic structure towards increasing the proportion of industry and services while reducing the that of agriculture, thus contributing to creating a motivation for socio-economic development in the locality.
Hoa Binh HKK Knitting Co. Ltd., located in the Hoa Binh Left Bank Industrial Zone, employs nearly 500 local workers with an average monthly salary of 8 million VND (3,150 USD).
Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.
Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.
