Hoa Binh sees 415 newly-established enterprises in 2021

1/9/2022 - 6:51:22 PM

(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./.

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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.

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In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.