(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.
2019, besides robust business results, Midori Apparel Vietnam Co., Ltd (Luong
Son Industrial Park) worked to ensure social welfares for its labourers.
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
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
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
(HBO) – As of the end of 2019, 88 out of the 191 communes in Hoa Binh were recognised as new-style rural areas, up 25 compared to the previous year.
(HBO) - Over the past years, Hoa Binh province has created conditions for businesses specialising in agricultural products in the locality to meet their counterparts nationwide in order to seek cooperation opportunities and expand markets. The move aims to promote trade and build brand names for local agricultural products, especially high-quality ones.
Foreign direct investment (FDI) pledges to Vietnam in the first three months of 2020 fell by a sharp 20.9% over the same period of 2019 to US$8.55 billion, according to the Foreign Investment Agency.
(HBO) – In the face of the COVID-19 pandemic’s impact on many economic sectors, some commercial banks in Hoa Binh province have decided to extend debt payment deadlines, not charge interest on late payments, and assist people and businesses to access preferential loans to overcome difficulties.
(HBO) - Hoa Binh province is currently home to more than 900 enterprises and 30,000 households doing business in trade, services and tourism. Among them, nearly 3,000 companies have applied IT to transactions.
(HBO) - In 2019, enterprises in Hoa Binh province faced a lot of difficulties, although their operations showed progress. To date, the province has had 3,575 enterprises and 645 branches and representative offices, with a total registered capital of nearly 35 trillion VND. Of the total, there are 2,931 operating enterprises.