(HBO) - According to data from the provincial People’s Committee, local businesses have faced difficulties and obstacles and suffered severe losses due to impact of the COVID-19 pandemic.

In the first four months of 2020, as many as 123 enterprises halted their business and production activities, up 3.6 percent year-on-year. Meanwhile, 131 others were waiting for dissolution or had been dissolved, up 4.3 percent compared to the same period in 2019. Over 1,390 business households registered to suspend their production and business.

Viet Han Sma ViNa Import and Export Garment JSC in Dan Chu ward, Hoa Binh city, is striving to maintain its production and business, and create jobs for workers.

The number of enterprises suspending business increased sharply in 15 out of the 17 fields, including processing and manufacturing industries; accommodation and catering services; travel; real estate; arts and entertainment; agriculture, forestry, fisheries; information and communication; employment services; warehouse transportation and construction.

The number of businesses registering to suspend business is forecast to continue to rise in the time to come, especially small- and medium-sized enterprises, cooperatives and business households.

The provincial People's Committee has been drastically directing sectors and People's Committees of Hoa Binh city and districts to accelerate administrative reform in order to make it easier for local businesses and business households to soon recover their production and business after the pandemic. 

This is considered a key task and is seriously implemented, with the aim of completing socio-economic targets in the locality. 

The local authorities have also paid heed to attracting investment, especially off-budget investment; promoting land clearance for projects in industrial zones and clusters; and speeding up the construction of projects outside industrial parks and clusters. 

Besides, the provincial People's Committee has directed all sectors to quickly deploy policies to support local businesses, helping them stabilise their production. 

The banking industry has urgently implemented support policies related to monetary, interest rates, and credit growth in line with the Government's direction and administration.

Local enterprises have been encouraged to build chains serving industrial production, especially key processing and manufacturing industries such as textiles, electronics, and wood, in order to avoid dependence on one or some partners and markets. 



 


Related Topics


Hoa Binh City has been catching the pace of growth

Hoa Binh City has been making strong changes in its infrastructure system and urban development, creating a vitality, a new look and taking on the leading position in the provincial socio-economic development.

Hoa Binh accompanying businesses, creating momentum for development

Speaking at a meeting with businesses, investors, and cooperatives on the occasion of the lunar new year, Chairman of the provincial People's Committee Bui Van Khanh affirmed that with the motto of the administration accompanying businesses, Hoa Binh always determines that the success of businesses is also that of the province; and their difficulties and problems are the responsibility of the Party Committees and authorities at all levels. That motto has created a landmark in the development process of the province as well as the local business community.

Hoa Binh asked to make most of potential, advantages for further development

The Government Office has just issued Notice No. 179/TB-VPCP, dated April 23, 2024, on the conclusions of Prime Minister Pham Minh Chinh at his meeting with the Standing Board of the Hoa Binh provincial Party Committee on April 13.

Cao Phong district sees economic recovery signs

Cao Phong district has witnessed signs of economic improvement over the recent past thanks to efforts by local authorities to promote agricultural, industrial, and handicraft development.

Evaluating the progress in implementing the standards to establish Luong Son town

On April 26th, the Steering Committee for completing the standards to establish Luong Son town of the province held a conference to evaluate the progress of implementing the standards to establish Luong Son town. Mr. Nguyen Van Toan, the Vice Chairman of the Provincial People's Committee, the Head of the Steering Committee chaired the conference.

Provincial Party Secretary visits soldier, pioneering youth of Dien Bien Phu Campaign

On the occasion of the 70th anniversary of the Dien Bien Phu Victory (May 7, 1954 - 2024), Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the Hoa Binh provincial Party Committee, and other officials of the province and Lac Son district on April 25 visited and presented gifts to local soldiers and pioneering youths who directly engaged in the Dien Bien Phu Campaign.