(HBO) – The People’s Committee of Hoa Binh reported that in the first quarter of 2023, provincial departments, sectors and localities exerted great efforts in the development of enterprises, collective economy and investment promotion. As a result, the locality saw the establishment of 100 new businesses with total registered capital of about 2 trillion VND (85.08 million USD).
Bigfa JSC in Luong Son Industrial Park, which specializes in
producing pharmaceutical and cosmetic products, has created jobs for hundreds
of local workers.
Investment attraction activities also received great attention. In the first
three months of this year, the province approved the investment policy of seven
domestically-invested projects with combined capital of 611.4 billion USD, a
surge of 58.3% in project number and 124.4% in value.
To date, the province has hosted 730 projects, including 37 foreign direct
investment projects with total registered capital of 608 million USD and 693
domestically-invested projects worth about 184.6 trillion USD.
Local industrial parks are accommodating 105 valid projects. Revenue from
production and business activities in the first quarter of enterprises in local
industrial parks was estimated at 5.28 trillion, up 9.32% over the same period
last year./.
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.
The Hoa Binh provincial People's Committee has issued Decision No. 2767/QD-UBND announcing the rankings of departments, agencies, districts and Hoa Binh city in the Public Administration Reform Index (PAR) and the Satisfaction Index of Public Administration Services (SIPAS) in 2024.
The cultivation of Dam Xanh fish (Bangana lemassoni), a unique fish species, has seen remarkable growth in Mai Chau district, thanks to its high economic value and effectiveness. Initially concentrated in Van Mai commune, farming has now extended to four other communes, namely Mai Hich, Mai Ha, Chieng Chau, and Son Thuy. These areas benefit from pristine underground water flowing from mountain crevices, providing ideal conditions for raising this specialty fish.
In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.
In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.
