(HBO) – Hoa Binh province's Management Board of Industrial Parks (IPs) recently held a gathering to mark its 15th founding anniversary (June 7, 2007 - 2022). The event was attended by Vice Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Bui Van Khanh, Vice Chairman of the provincial People’s Council Vo Ngoc Kien, Vice Chairman of the provincial People’s Committee Quach Tat Liem, along with representatives of the Ministry of Planning and Investment and businesses based in local IPs.

 At the gathering, many collectives, individuals, and enterprises based in local IPs receive commendations from the Ministry of Planning and Investment and the provincial People’s Committee.

Bui Van Khanh, Vice Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee, presents certificates of merit to enterprises with outstanding production and business achievements.

Over the 15 years of development, the management board’s apparatus has been completed and its personnel quality has been improved, thus better fulfilling political tasks and managing local IPs.

In 2021, industrial production revenue and value recorded by businesses in the local IPs were 13.9 percent and 11.2 percent higher than the set targets; export turnover reached 690 million USD, up 7.8 percent from 2020 and 11.2 percent from the target; 250 billion VND (10.8 million USD) was contributed to the State budget, up 25 percent year on year and meeting target.

At present, the IPs in Hoa Binh are home to 104 projects, including 26 foreign direct investment (FDI) projects worth 514.78 million USD and 78 domestic direct investment ones with total capital of over 13.57 trillion VND.

IP-based businesses are playing an increasing role in helping the province realise socio-economic targets. Their export revenue accounts for 56 percent while industrial production value made up 44.36 percent of the province’s total figures.

 Officials from the Ministry of Planning and Investment present certificates of merits and insigniasto collectives and individuals of the Hoa Binh IP Management Board.

Addressing the gathering, Bui Van Khanh, Vice Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee, congratulated the management board on its achievements but also pointed out that IPs’ contributions to the local growth and budget remain modest.

He asked the management board to exert stronger efforts to better advise the provincial administration about IP development and management, coordinate with departments, sectors, and localities to improve the business climate, assist investors to complete IP infrastructure, foster investment, and boost sustainable industrial development, thereby helping successfully carry out the resolution of the 17th provincial Party Congress./.

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