Hoa Binh pledges to remove obstacles facing local firms

14:59 | 08/03/2019 Companies

Hoa Binh will deploy measures in a timely manner to remove obstacles for investors, prompting investment projects and creating favourable conditions for firms to access capital support, pledged a leader of the northern province.

Hoa Binh presents emulation flags to 11 outstanding enterprises, and certificates of merit to 20 other firms and cooperatives - Source: baohoabinh.com.vn

Secretary of the Hoa Binh Party Committee Bui Van Tinh made the commitment at a meeting with representatives of more than 200 enterprises, cooperatives and investors in the locality on February 20.

At the meeting, Nguyen Van Than, Chairman of the Vietnam Association of Small and Medium Enterprises, noted that local firms paid over 1.9 trillion VND (81.7 million USD) towards the state budget in 2018, accounting for 78.8 percent of the total budget collection in the province, helping boost Hoa Binh’s GRDP growth to the 19th place among the 63 localities nationwide.

In 2018, the province saw the formation of 420 new companies and more than 110 branches and representative offices of businesses, along with 65 new cooperatives with a combined capital of over 6 trillion VND.

At the same time, Hoa Binh attracted 57 domestically-invested projects worth nearly 13.45 trillion VND, and three foreign-invested with a total capital of 200.24 million USD.

Than proposed that local firms and cooperatives review and reform their management systems, while restructuring capital and business portfolio, creating connection chains, and enhancing management capacity.

On the occasion, Chairman of the People’s Committee of Hoa Binh Nguyen Van Quang presented emulation flags to 11 outstanding enterprises, and certificates of merit to 20 other firms and cooperatives.

Theo VNA