Firms in industrial parks make outstanding performances in 2017

12/15/2017 - 10:43:47 AM

(HBO) – The Industrial Parks Management Board (IPMB) of the northern mountainous province of Hoa Binh said 2017 witnessed the stable development of businesses in IPs. Many of them are expected to surpass their set targets in terms of turnover, export value, job generation, law enforcement and contributions to transforming the local economy.

Esquel Vietnam Company is operating fruitfully at the Luong Son Industrial Park, creating jobs for 4,000 labourers, up from 3,000 jobs in 2016. Photo: L.C

Esquel Vietnam Company Co. Ltd. is a typical example in terms of job generation and care for labourers. Staring operation in 2013, the company has focused on upgrading technologies, applying environmentally-friendly production methods and expanding production scale. The company has maintained its stable development and generated jobs for workers. In 2017, Esquel Vietnam has recorded impressive growth by churning out an additional 50,000 products, up 30 percent compared with the previous year. The number of its partners also increased from 15 to 19. Therefore, the company’s revenue also rose by 30 percent. In 2017, it has employed 1,000 workers, raising its total number of labourers to more than 4,000.

Doosung Tech Vietnam Co. Ltd., a whollly Korean-invested company which produces and assembles electronic components for Samsung, has a total investment capital of about 200 billion VND. The company’s orders have remained stable and its workforce rose from 600 to 1,700. By the end of November, Doosung Tech Vietnam had raked in 115 million USD in revenue, over-fulfilling its set target of 98.9 million USD, up 5 percent year-on-year. The provincial Department of Labours, War Invalids and Social Affairs has suggested the IPMB present an award to Doosung Tech Vietnam for its successful implementation of legal regulations towards labourers.

Almine Vietnam Company’s turnover also edged up by 15-20 percent after one year of operation. Other companies like HNT ViNa, Nissin Manufacturing Vietnam, Seyong INC and Midori Apparel Vietnam in the Luong Son Industrial Park, and Sankoh at Bo Trai Song Sa (Da River Left Bank) Industrial Park have also contributed to revenues, export, job generation and State budget in Hoa Binh.

Besides, many other businesses have shown their interest in investment projects at local industrial parks. The Mong Hoa Industrial Park alone has attracted four more projects, including a 250 billion VND fruit juice project, a 150 billion VND plywood project, a 100 billion VND project producing medical equipment and a fertilizer project worth 25 billion VND.

To date, the provincial industrial parks are home to 72 projects, including 22 foreign direct investment (FDI) projects with a total capital of 438.4 million USD and 50 domestic projects valued at nearly 7.6 trillion VND. Of those 45 projects have been put into operation, generating jobs for 16,230 workers, of whom nearly 90 percent are local people.

Hoa Binh province is expected to fulfill its targets of industrial park development set for 2017. Those regarding project attraction and job generation are hoped to be surpassed.

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