(HBO) – Many workers have returned to local industrial parks in the northern province of Hoa Binh after enjoying a week-long Lunar New Year (Tet) holiday, making contributions to helping their companies realise the set production and business targets for the whole year 2020.
In
2019, besides robust business results, Midori Apparel Vietnam Co., Ltd (Luong
Son Industrial Park) worked to ensure social welfares for its labourers.
According
to the province’s management board of industrial parks, the province is housing
eight industrial parks, each spanning from 77-282 hectares and locating along
National Road No.6, Lang – Hoa Lac – Hoa Binh city road, and Ho Chi Minh road.
As of the end of 2019, the industrial parks had 95 valid projects, including 24
foreign direct investment projects with total registered capital of 499.75
million USD, and 75 domestic projects valued more than 7.27 trillion VND (312.9
million USD).
Most of the local firms have run smoothly, with 50 operational
projects that create jobs for 19,441 labourers.
Last year, enterprises at local industrial parks seen better revenues, export
value, and higher contributions to the state budget, as well as generate more
jobs as compared to 2018. They have observed regulations on planning,
construction, environmental protection and business and production.
Thanks to local efforts to improve the business climate and remove bottlenecks
for local firms, industrial parks in the province lured 15 new projects in
2019, equivalent to 187.5 percent of the yearly plan. Firms at the industrial parks
exported 633.17 million USD worth of products, contributed 180 billion VND to
the state budget, and created new jobs for 1,583 labourers, all surpassing the
set goals.
In 2019, the province gained nearly 37.4 trillion VND from industrial and
handicraft production, a year-on-year surge of 15 percent. Meanwhile, its export
revenue rose 24.48 percent to 791.9
million USD./.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.
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