(HBO) – According to statistics from the Provincial People’s Committee, local industrial zones are home to 102 approved investment projects.
In
recent times, Antona joint-stock Company (Luong Son Industrial Zone) has maintained
stable production, providing employment for many local workers.
Among them, there are 27
foreign direct investment projects with total registered capital at 527.4
million USD and 75 domestic projects with registered investments worth 11,059.5
billion VND. In 2021, the COVID-19 pandemic left a devastating impact on
production. However, the businesses actively made adjustments with flexible
scenarios, maintaining stable production. Accordingly, the turnover from
production and trading activities of the enterprises set to reach 15,800
billion VND, an increase of 0.51% in comparison to last year.
With the aim of intensifying investment promotion, the Provincial
People’s Committee has lately directed the mobilization of all resources,
prioritizing off-budget investment, socializing development investment, and completing infrastructure systems in industrial zones and complexes.
The objective by the year 2050 is to increase the occupancy rate in
well-established industrial zones to over 80% while the total area of
industrial zones and complexes accounts for approximately 1% of the province’s
natural land area.
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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