Right after the Tet holiday, workers at SanKoh Vietnam Co., Ltd at Left bank of Da River Industrial Park (Hoa Binh City) return to work.

According to provincial authorities, as of January 30, the majority of workers across the province had come back to their businesses and factories. Many businesses offered transportation services for workers. Some in Hoa Binh city and Luong Son district are in need of recruiting more experienced and skilled workers.

To retain workers, over the past years, businesses in the province have raised their salary, bonuses and allowances, improved working environment, offered support in terms of train and car tickets for workers, and given lucky money to them on the Tet occasion.

In 2022, thanks to efforts of the business community, the province’s gross regional domestic product (GRDP) grew 9.03% to more than 32.68 trillion VND (1.39 billion USD).

The province attracted 75 domestic investment projects with a total registered capital of about 35 trillion VND, 31 projects more than that of the previous year.

In 2023, Hoa Binh will continue to create favourable conditions to attract more investment and make more preferential policies to facilitate businesses’ development, contributing to socio-economic growth as well as ensuring social security. The province is striving for an economic growth rate of 9%, and per capita GRDP of 70.9 million VND per year, state budget revenue of 7.28 trillion VND, and labour productivity of 116.9 million VND per worker.

To achieve the set economic goals, the province will continue restructuring the economy, renewing the growth model, increasing productivity, creating a driving force for rapid and sustainable economic growth, improving the business and investment environment, supporting enterprises, and attracting investment. Attention will also be paid to promoting the development of socio-economic infrastructure and creating changes in the industrial sector, and to key projects to promote economic restructuring and growth model innovation./.

Related Topics

Starting business from hometown specialty

Huge potential to boost chilli export to RoK

Hoa Binh improves effectiveness of collective economy

PM attends groundbreaking ceremony for electronic PCB factory in Hoa Binh

---

In the first quarter, the total capital of the credit institutions was estimated at 40,128 billion VND

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.

Lac Son - attractive destination for investors

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.

Hoa Binh accelerating disbursement of ODA, foreign concessional loans

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.

The man who promotes Kim Boi district’s fruit brand

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.

Q1 disbursement of public investment funds reach 15% of yearly plan

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.

Hoa Binh works hard to boost farm exports

Hoa Binh province has mobilised all resources to propel local agricultural products to make inroads into foreign markets, towards lifting the export turnover of key agricultural products to 137.8 million USD by 2030, accounting for 3.4% of the locality’s total export value of goods. The locality aims to export farm produce to the US, the European Union, the UK, China, Japan, and the Republic of Korea.