With a highly open economy, the FDI sector accounts for a high proportion in the GRDP structure, in recent times, the provincial authorities have resolutely implemented solutions to remove difficulties, obstacles, and bottlenecks to unblock resources for socio-economic development. Especially, supporting the removal and resolution of difficulties for the business community. Thereby, creating more motivation and opportunities for businesses to overcome challenges and develop steadily.
In recent years, TKR Vietnam Co., Ltd., Ba Thien 2 Industrial Park (Binh Xuyen) has continuously had strong growth, affirming its position and reputation in the field of manufacturing and supplying electronic components and equipment. Photo: Nguyen Luong
Currently, enterprises in the province employ more than 261 thousand workers, of which more than 1,200 workers work in state-owned enterprises, 98,100 workers work in domestic enterprises and over 162 thousand workers work in enterprises with foreign direct investment.
In recent times, the business community in the province has faced many difficulties in terms of capital, orders, raw materials, labor shortages, social insurance debts, etc., mainly focusing on industries such as electronics and supporting products; textiles; mechanics, footwear, etc.
Facing difficulties, some businesses have had to cut production output and plans, leading to labor cuts, such as Toyota Vietnam Automobile Company, Honda Vietnam Company, Daewoo Vietnam Bus Company Limited, and Piagio Vietnam Company Limited.
Notably, some construction material manufacturing enterprises have to cut large capacity such as Vitto Vinh Phuc Co., Ltd. and A My Industrial Joint Stock Company maintaining 50% capacity; Hoan My Co., Ltd. maintaining 30% capacity; Hera Industrial Joint Stock Company maintaining 70% capacity...
Understanding the difficulties of the business community, the province has directed departments, branches, units and localities to join in removing and resolving difficulties, supporting businesses to minimize the situation of businesses temporarily suspending production, suffering losses and dissolving.
Specifically, local credit institutions continue to implement plans to defer, postpone, exempt and reduce taxes and interest rates for businesses in accordance with the Government's direction. For businesses facing difficulties in raw material sources and labor shortages, relevant departments, branches and units will implement measures to grasp the forecast situation to guide and orient businesses to proactively develop appropriate production and business plans; strengthen consultation, introduction and connection between workers and businesses.
Regarding the situation of social insurance debt, the provincial social insurance agency regularly reviews, compares, and guides businesses to implement policies for employees in accordance with legal regulations. At the same time, it classifies and compiles a list of units that are late in paying social insurance, health insurance, and unemployment insurance, and publicly announces it on mass media...
By January 15, the province had attracted 4 new FDI projects and increased capital for 5 projects, with total registered FDI capital reaching 69.44 million USD, up 33.8% over the same period last year, equal to 17.36% of the yearly plan.
In addition, the province had 86 newly established enterprises with a total registered capital of VND487 billion, an increase of 1.9 times in the number of enterprises and 2.6 times in registered capital compared to the same period last year.
In January 2024, 123 enterprises in the province returned to the market, an increase of more than 16% over the same period last year, bringing the total number of newly established enterprises and enterprises returning to operation to 209. The rate of online business registration in the province reached 100%.
In 2024, the province aims to achieve a total state budget revenue of over VND31,760 billion, of which domestic revenue will reach VND26,365 billion and revenue from import-export activities will reach VND5,400 billion. At the same time, it strives to attract investment of USD400 million in FDI capital and VND5,500 billion in DDI capital.
To achieve the set goals, the province continues to direct all levels, sectors and localities to promptly handle difficulties, remove bottlenecks in all sectors and fields and resolutely implement urgent tasks to promote economic growth right from the beginning of the year.
Seriously implement the Government's and Prime Minister's telegrams and resolutions on removing difficulties for production, business, land, construction materials, etc. and the provincial People's Committee's directives to enhance responsibility in handling work and removing difficulties for production and business of people and enterprises.
Focus on removing obstacles in implementing investment projects; obstacles of enterprises and investors in the fields of real estate, urban areas, industry; obstacles in import-export activities, labor market, unemployment, resolving policies for workers, etc.
Continue to perfect institutions, promote administrative procedure reform, improve the investment and business environment; restructure the economy in conjunction with transforming the growth model, improving productivity, quality, efficiency and competitiveness of the economy.
Ngoc Lan
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