(HBO) - Meiko Electronics Co., Ltd, a Japanese corporation, is implementing a 200 million USD project to build a factory producing various types of electronic circuits in the industrial zone on the left bank of the Da River, Hoa Binh city. At a meeting with the firm on June 8, Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the Hoa Binh province Party Committee, affirmed a consistent standpoint of always supporting and accompanying enterprises in effectively carrying out projects. He pledged to create maximum conditions for Meiko Electronics to successfully operate in the locality.
Nguyen Phi
Long, alternate member of the Party Central Committee and Secretary of the Hoa
Binh province Party Committee, receives a leader of Meiko Electronics Co., Ltd.
Atsushi Sakate, executive vice president of Meiko, said the corporation
has invested in building three electronic circuit manufacturing and PCB
assembly plants in Vietnam with a total investment of up to 500 million USD.
Such investment has so far created over 7,000 jobs and contributes
approximately 30 million USD to the state budget annually, he elaborated.
Covering 9.2ha, the ongoing electronic circuits
production project in Hoa Binh is set to also work on handling pollution,
collecting and treating wastewater, emission gas, and solid waste, and
recycling and reusing waste materials. It is approved to operate foru 50 years.
Meiko has planned to construct office buildings
and workshops between Q4 of 2022 and Q4, 2023; purchase, transport, and install
machinery and equipment as well as recruit and train employees in Q1 and Q2
next year; and conduct trial production and subsequently commence full-scale
operation from the next Q2 onward. The estimated number of workers to be
employed is around 3,000 by 2030. The projected contribution to the state
budget will be approximately 200 billion VND (8.5 million USD) per year when
the factory reaches its full production capacity in 2030.
Meiko said it hopes to continue receiving
support from the Hoa Binh authorities to successfully implement the project.
Chu Van Thang, head of the management board of
the provincial industrial zones, stated that the project is significant as it
promotes economic restructuring, addresses employment issues, contributes to
the state budget, and increases export value. Over the recent times, the
province has directed relevant departments and agencies to create favourable
conditions for its implementation in line with the plan, with Meiko’s proposals
resolved, Thang said.
Quach Tat Lien, Vice Chairman of the Provincial
People's Committee, pledged that the province will always accompany Meiko in
such a process by facilitating investment procedures and land provision for the
company to build worker accommodations.
He expressed his desire for the corporation to
closely follow the province's investment direction and expedite the
construction progress./.
In Lac Thuy district, communes have been succeeded in promoting their One Commune-One Product (OCOP) products while others are still struggling to position their typical farming products in market. Some communes in the district still fail to have their products met OCOP programme’s requirements, while others have seen their certifications expired.
The inspectorate agency of Hoa Binh province has issued Official Dispatch No. 1090/TTr-PCTN to provincial departments, agencies, localities, business associations, enterprises, and investors regarding measures to improve informal component indexes of the Provincial Competitiveness Index (PCI).
Hoa Binh is taking concrete steps to improve its investment environment, with a strong focus on supporting businesses, settling obstacles for strategic investors, and creating opportunities for robust development in the coming years.
Under the blazing early summer sun, the construction site of Nhuan Trach Industrial Park (IP) in Luong Son district is abuzz with activities from dawn to dusk, a testament to the determination of the investor to meet their construction targets on schedule.
