(HBO) – The People’s Committee of Hoa Binh province has directed provincial departments, agencies and administrations to take various measures to boost development of all economic sectors.
In August, 35
new businesses were established in the province with total registered capital
of 300 billion VND.
Esquel
Garment Manufacturing Co., Ltd., located in Luong Son Industrial Park, expands
production in recent years, providing jobs for thousands of local people and a
monthly income averaging 6.5 million VND.
In the first
eight months of this year, the province saw 219 new enterprises with combined
registered capital of over 6.13 trillion VND. It has also permited 10 firms to
set up branches and representative offices in August, raising the total figure in the January-August period to 40.
A total of 120
companies were allowed to make amendments to their business registration
certificates last month, bringing the eight-month number to 1,215.
During the
period, 103 businesses suspended operations and 15 were dissolved./.
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.