Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
Prime Minister Pham Minh Chinh and
leaders of ministries, sectors and Hoa Binh province at the groundbreaking
ceremony.
In his speech, PM Chinh congratulated Meiko on its investment in the province
that boasts geographical advantages, inter-regional transport infrastructure,
abundant workforce and sound supporting policies, highlighting the project is
significant to the province’s development, economic structure shifting and job
generation for local workers.
At the ground-breaking ceremony.
Laying a stress on the motto of "harmonising benefits, sharing risks”, PM Chinh
affirmed that the Government and ministries pledged to have stable strategic
policies, create strategic infrastructure, including transport, electricity,
telecommunications, favourable conditions for investors and reform
institutions.
PM Pham Minh Chinh speaks at the ground-breaking ceremony.
He asked local leaders to direct settlement of administrative procedures and
removal of bottlenecks for Meiko, helping the firm and its contractors to carry
out the project, ensure labour safety and strive to complete it ahead of
schedule with good quality.
The government leader expressed his hope that the factory will make important
contributions to the province’s comprehensive development.
The Meiko Group's Vice Chairman Sakate affirmed that when the factory is put
into operation, it will generate some 300 million USD in revenue and 2,000 jobs
for local workers.
Meiko Group Vice Chairman Sakate at the ceremony.
Established in 1975 in Kanagawa prefecture, Meiko has become a leading
corporation in the world in manufacturing and assembling electronic circuits,
with six factories in Japan, two in China and many representative offices and affiliates
across the globe.
To date, it has invested over 800 million USD in four PCB factories in
Vietnam./.
On the occasion, Meiko donates 500 million VND (19,780 USD) to Hoa Binh
province in an endeavor to demolish temporary houses and dilapidated houses.
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.
