(HBO) - Hoa Binh’s industrial production index in August 2023 increased by 17.65% compared to the previous month, but declined by 10.08% year-on-year, the provincial Statistics Office has reported.
Hoa Binh HKK Knitting Co., Ltd is one of the foreign-invested enterprises that are investing in the Da River Left Bank Industrial Park in Hoa Binh city. Its production activities generate jobs for over 500 labourers.
Of the figure, the mining industry saw a decline of 6.12% compared to July, but surged by 53.91% over the same period last year. The manufacturing and processing industry's index rose by 6.86% from the previous month, and 4.86% over the same period last year. Meanwhile, the index of the water supply industry was up 4.73% month-on-month, but fell by 11.5% year-on-year.
The decrease in the industrial production index in August compared to the same period last year was attributable to the prolonged drought this year, with its peak occurring in June and July, which caused the lack of water for electricity production.
Electricity production in the month reached an estimated 940 million KWh, up 201 million KWh or 27.23% compared to that reported in July, but down 206 million KWh or 17.9% from the same month of 2022.
The locality’s electricity production in the first eight months of 2023 was estimated to reach 5,395 million kWh, a decrease of 1,974 million kWh or 26.7% year-on-year.
Replacing less productive crops with herbal medicines has proven to be an effective direction for many localities in Hoa Binh province.
The Hoa Binh Power Corporation (PC Hoa Binh) has capitalised on telecommunications and IT infrastructure to promote digital transformation, scoring significant results over the past time.
On November 7, 2022, the Hoa Binh provincial People’s Committee issued Action Plan No. 212/KH-UBND on the implementation of the national programme on aquaculture development for the 2021 - 2030 period in the locality. Improvements have been recorded thanks to programme implementation over the last more than two years.
The 34-km Hoa Binh-Moc Chau Expressway whose construction began on September 29 is expected to pave the way for the northwestern region to grow further.
The Northern Industry and Trade Fair - Hoa Binh 2024 - will take place at the Hoa Binh provincial Exhibition and Convention Centre from October 14-20. The organising committee of the event held a meeting on September 26 to finalise preparation for the fair. Vice Chairman of the provincial People’s Committee and head of the fair organising board Quach Tat Liem chaired the meeting.
