(HBO) - The provincial Department of Industry and Trade has reported that the province’s industrial production during the first quarter of 2020 was stable with industrial and handicraft businesses starting to implement their production and business plans since the beginning of the year to fulfill their yearly goals.
Thang Hai Construction and Trade Co., Ltd in Mai Chau steps up production
of green building materials to meet domestic demand.
The province’s industrial production rose by 21.6 percent in
the first quarter of the year to exceed 10.55 trillion VND, equivalent to 24.54
percent of the yearly plan.
The power sector generated over 1.37 billion kWh of
electricity, or 22.58 percent of the yearly target.
The manufacturing and processing sector saw surges in
multiple areas, such as beverage (up 24 percent), steel and metal products (38
percent), cement (25 percent), stone mining (22.29 percent), and ore mining
(27.83 percent)./.
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.
.jpg)
