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Hoa Binh pledges to remove obstacles facing local firms

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 pledges to remove obstacles facing local firms ảnh 1Hoa Binh presents emulation flags to 11 outstanding enterprises, and certificates of merit to 20 other firms and cooperatives (Source: baohoabinh.com.vn)
Hoa Binh (VNA) – Hoa Binh will deploy measuresin a timely manner to remove obstacles for investors, prompting investment projectsand creating favourable conditions for firms to access capital support, pledgeda leader of the northern province.

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

At the meeting, Nguyen Van Than, Chairman of the VietnamAssociation of Small and Medium Enterprises, noted that local firms paid over1.9 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 localitiesnationwide.

In 2018, the province saw the formation of 420 new companiesand more than 110 branches and representative offices of businesses, along with65 new cooperatives with a combined capital of over 6 trillion VND.

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

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

On the occasion, Chairman of the People’s Committee of Hoa BinhNguyen Van Quang presented emulation flags to 11 outstanding enterprises, andcertificates of merit to 20 other firms and cooperatives. –VNA
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