(HBO) – In the first nine months of this year, Hoa Binh approved the investment plans and granted licences to 45 domestically-invested projects with combined capital of over 31.48 trillion VND (1.31 billion USD), representing a rise of 30 projects and 129.4% in value compared to the same period last year.
GGS Vietnam Co., Ltd in the Da River Left Bank
Industrial Park in Hoa Binh city has created stable jobs for hundreds of local
labourers.
In the period, the province issued the decisions to end the operation of three
projects and halt another, while adjusting the investment plans of 12
projects.
To date, Hoa Binh is home to 705 operating projects, including 37
foreign-invested ones with total capital of about 600 million USD and 668
domestically-invested projects worth about 181.9 trillion VND. Local industrial
parks are hosting 103 projects.
Businesses' revenue from production and business activities in the first nine
months was estimated at 15.41 trillion VND, up 24% over the same period last
year and equivalent to 78.7% of the yearly target. Investment projects created
jobs for about 20,100 employees, up 2.7% year-on-year.
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.
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