(HBO) – The Standing Board of the Hoa Binh provincial Party Committee on October 23 had a working session with a delegation from Japan-based Meiko Group on the construction of an electronic circuit plant at the Da River Left Bank Industrial Park in Hoa Binh City.
Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the provincial Party Committee, members of the Standing Board of the provincial Party Committee, and leaders from competent departments and branches have a working session with Meiko Group.
Meiko Group will rent a total 9.2 hectares of land and infrastructure of Da Hop JSC to build the 200-million-USD plant.
The group stands out as one of the world’s top corporations that produce and assemble printed circuit boards (PCB) and provide electronics manufacturing service (EMS), with five factories in Japan, two in China, and many representative offices and subsidiaries worldwide.
In Vietnam, it has landed some 500 million USD in the construction of three electronic circuit manufacturing and PCB factories, creating jobs for more than 7,000 workers and contributing around 30 million USD annually to the state budget.
A Meiko representative recommended the province support the group with investment procedures and adjustment of project planning and investment scale, while securing stable power supply and providing other necessary conditions so that the construction of the plant can begin in March 2024.
At the working session, Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the provincial Party Committee, and members of the Standing Board of the provincial Party Committee, committed to accompanying the group and creating the best conditions for it and many other firms to invest in the province.
He ordered relevant departments and branches to focus on helping the investor complete procedures to carry out the project in line with schedule.
The management board of the local industrial parks should join hands with departments and sectors to handle the planning issue; ensure stable power, clean water and rational sewage system for Meiko; and remove bottlenecks during the construction process in a timely fashion, striving to kickstart the plant construction in March 2024.
Long also asked Meiko to set up a working group which will work with local authorities to carry out the project.
Hoa Binh province’s economy posted an impressive Gross Regional Domestic Product (GRDP) growth rate of 12.67% in the first quarter of 2025, representing a 12.76% year-on-year increase, the highest rate recorded since the beginning of the current tenure, according to the provincial Statistics Office. This robust growth reflects years of strategic groundwork and sets a strong foundation for the province’s annual growth target of over 10%.
With a focus on cash crop farming with science - technology application and brand building, Lac Thuy district is gradually increasing production value, improving people's life quality, and laying the foundation for sustainable socio-economic development.
In recent years, the economic development model "Hoa Binh Earthworm Farm” run by Mr. Bui Van Dang in Co Giua Hamlet, My Thanh Commune (Lac Son district) has not only brought stable economic value but it is also environmentally friendly, helping to protect and reduce pollution, contributing to the construction of a green and sustainable agriculture.
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
