(HBO) - Luong Son district in Hoa Binh province has taken numerous measures to improve the business environment and support enterprises and investors.
Transon Vietnam Limited Company at Luong Son Industrial
Zone generates jobs for local labourers.
Over the past five years (2015-2020), the
district has seen 450 new enterprises and 52 new co-operatives, and 1,128
business households formed or registering to change their business. It has also
finished the shifting and consolidated operations of agricultural co-operatives
following the 2012 Cooperative Law.
To date, Luong Son has had 916 businesses
and co-operatives and 2,924 business households, doubling from those in 2015.
The district has so far attracted 182
investment projects, accounting for 32.1 percent of the province’s total
number. Of the total, there are 23 FDI projects (60.5 percent of the province’s
total), and 159 domestic ones, with combined capital of 298.9 million USD and
13.8 trillion VND, respectively.
Production and business projects have
contributed to the district’s sustainable economic structure shifting./.
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.