Thua Thien-Hue: Businesses play crucial role in economy
Thua Thien-Hue (VNA) – 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.
As of early
October 2017, Thua Thien-Hue had nearly 500 newly-registered businesses with
registered charter capital of 4.8 trillion VND (211.2 million USD). The
province granted licenses to 50 domestic projects worth 5.6 trillion VND (246.4
million USD) and three foreign invested ones.
Businesses contributed nearly 2.8 trillion VND (123.2
million USD) to the State budget. The export turnover reached over 558 million
USD, of which the State economic sector made up over 96 million USD while
foreign invested firms accounted for more than 330 million USD.
Anh said the Thua Thien-Hue Business Association
has held a number of dialogues to remove difficulties for businesses in terms
of tax, credit, land, administrative procedures, and technology access.
It has also actively worked with relevant
sectors to provide maximum support for businesses via trade promotion
activities, human resources training, credit aid, trade connectivity, and sales
of products, in addition to increasing e-commerce capacity and reducing time
for tax payment and customs clearance.
Additionally, the association held workshops and
training courses on international economic integration and encourage businesses
to join domestic and foreign trade fairs and create supply chains of products
and services, he added.
Permanent Vice Chairman of the provincial
People’s Committee Phan Ngoc Tho said the province will focus on developing
industry in the coming time, prioritising infrastructure investment at
industrial parks and economic zones, transport system, and seaports.
The province will increase investment through
connection with major groups to join global value chains while speeding up
equitisation and divestment in State-run businesses in tourism, as well as
selecting strategic and competent investors in this field and pushing ahead
with administrative reform.-VNA