Thua Thien-Hue: Businesses play crucial role in economy
The central province of Thua Thien-Hue is now home to over 6,500 enterprises, which play a significant role in manufacturing, job creation, and local budget collection, according to Chairman of the provincial Business Association Duong Tuan Anh.
Businesses play crucial role in economy (Source: Thua Thien - Hue newspaper)
Thua Thien-Hue (VNA) – The central province of Thua Thien-Hue is nowhome to over 6,500 enterprises, which play a significant role in manufacturing,job creation, and local budget collection, according to Chairman of theprovincial Business Association Duong Tuan Anh.
As of earlyOctober 2017, Thua Thien-Hue had nearly 500 newly-registered businesses withregistered charter capital of 4.8 trillion VND (211.2 million USD). Theprovince granted licenses to 50 domestic projects worth 5.6 trillion VND (246.4million USD) and three foreign invested ones.
Businesses contributed nearly 2.8 trillion VND (123.2million USD) to the State budget. The export turnover reached over 558 millionUSD, of which the State economic sector made up over 96 million USD whileforeign invested firms accounted for more than 330 million USD.
Anh said the Thua Thien-Hue Business Associationhas held a number of dialogues to remove difficulties for businesses in termsof tax, credit, land, administrative procedures, and technology access.
It has also actively worked with relevantsectors to provide maximum support for businesses via trade promotionactivities, human resources training, credit aid, trade connectivity, and salesof products, in addition to increasing e-commerce capacity and reducing timefor tax payment and customs clearance.
Additionally, the association held workshops andtraining courses on international economic integration and encourage businessesto join domestic and foreign trade fairs and create supply chains of productsand services, he added.
Permanent Vice Chairman of the provincialPeople’s Committee Phan Ngoc Tho said the province will focus on developingindustry in the coming time, prioritising infrastructure investment atindustrial parks and economic zones, transport system, and seaports.
🍸 The province will increase investment throughconnection with major groups to join global value chains while speeding upequitisation and divestment in State-run businesses in tourism, as well asselecting strategic and competent investors in this field and pushing aheadwith administrative reform.-VNA
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Businesses play crucial role in economy (Source: Thua Thien - Hue newspaper)
