(HBO) - With utmost efforts and resolve, the provincial Department of Industry and Trade has actively coordinated with relevant sectors and district-level administrations to step up the implementation of Resolution No. 02, issued on December 28, 2015, by the provincial Party Committee, on the development of industry and handicraft industry in Hoa Binh for 2016-2020.
Officials of the Hoa Binh provincial Department of Industry
and Trade and the Centre for Industrial Extension and Industry Development
Consultancy visit the An Phuc garment workshop in Hang Tram township, Yen Thuy
district.
In particular, they have pressed on with
improving the investment and business climate so as to create the best possible
conditions for investment in industrial parks and clusters. They have also
worked with relevant agencies and localities to speed up building
infrastructure as well as technical facilities at industrial parks and
clusters, especially roads to these places. Besides, support and manufacturing
industries have been developed to improve the quality, efficiency and
competitiveness of the products Hoa Binh has strength in.
In the first half of 2020, the province’s
industrial production value was estimated at 19.8 trillion VND (853.1 million
USD), up 1.54 percent year on year and equivalent to 46.04 percent of this
year’s plan. Some industrial and handicraft products post fair growth in output
compared to the same period last year such as cement, brooms, metal products
and medium density fiberboards. However, output declines were recorded in
apparel (down 4.95 percent), electronics (2.47 percent), power for production
activities (52.9 percent), and bricks of all types (2.96 percent). Besides, the
output of many products also failed to achieve half of their annual targets.
These figures have made the fulfillment of this
year’s targets a heavy task, including industrial production value rising 15
percent year on year to over 43 trillion VND and added industrial value growing
11.8 percent.
To tackle difficulties to promote industry and
handicraft industry, the provincial People’s Committee assigned the Department
of Industry and Trade to go on with the industry and handicraft industry
development plan for 2020. Accordingly, apart from fostering support,
processing and manufacturing industries, the department has been facilitating
the industries that serve agriculture, rural development, and farm produce
processing. It has also been encouraging businesses to form more sustainable
connectivity, especially in some major processing and manufacturing sectors
like textile-garment, leather-footwear, electronics and wood products, with
partners from the Republic of Korea, Japan and India so as to avoid
overdependence on a single or just few partners or markets.
The department has coordinated with other
agencies to improve the management of mineral mining, especially stone mining
for construction material production. It has also worked with the Hoa Binh
Power Company to build electricity supply plans so as to meet demand in
economic activities and people’s daily lives.
Recently, the Centre for Industrial Extension
and Industry Development Consultancy checked and took over some national
industrial extension projects, including the one on assisting the application
of advanced machinery to textile-garment production at the An Phuc Export
Garment JSC, based in Hang Tram township of Yen Thuy district, and another on
assisting the application of advanced machinery to agro-forestry processing at
the Lac Thuy Essential Oil JSC, based in Phu Thanh commune of Lac Thuy
district.
These projects have generated practical
benefits, useful for bolstering industrial development in rural areas, creating
stable jobs and raising income for local residents, the Department of Industry
and Trade said, noting that they have also helped businesses develop production
after COVID-19 was brought under control./.
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.