(HBO) – Hoa Binh province has invested much in industrial parks and clusters in recent years to attract more domestic and foreign investment. It is an important orientation in the province’s economic development strategy. Thanks to such effort, its industrial production reached more than 27.5 trillion VND (1.21 billion USD) last year, up 17.22 percent from the same period last year and 2.5 percent higher than the yearly target.
In the Da River Left-Bank Industrial Park,
more than 650 workers of the R Vietnam Technical Research Co., Ltd were still
busy making lens for export orders on the threshold of the New Year. Last year,
the company produced about 11 million product items and its export turnover reached
nearly 14.5 million USD, a year-on-year increase of 30 percent, despite
difficulties from fluctuations in the global economy.
Aside from the strong growth in export, the
firm has provided jobs for hundreds of locals and given them stable incomes
which averaged 6.5 million VND per person per month, said Nguyen Long, a
manager of the company.
Workers of the R Vietnam Technical Research
Co., Ltd in the Da River Left-Bank Industrial Park are making lens for export.
According the local authority’s report, the
province’s industrial production hit over 27.5 trillion VND in 2017, up 17.22
percent against the same period of the previous year. Its industrial production
index rose by 9.7 percent from 2016. Local industrial and handicraft firms remained
stable production with continued growth of key products, said the province’s
Department of Industry and Trade.
Some major products enjoyed strong growth like commercial electricity (8.01
percent), garment and textile (55.17 percent), brick (26.32 percent), cement
(22.45 percent), electronic products (26 percent), structural steel (18.92
percent), medium-density fibreboard (37.12 percent).
Also, export revenue experienced sound expansion thanks to local efforts to
diversify export markets while maintaining traditional ones like the US, the
EU, Russia, ASEAN, Japan, China and the Republic of Korea.
The province exported 505 million USD worth of products in 2017, a year-on-year
surge of 36.19 percent and 8.6 percent higher than the set plan. Meanwhile, it
spent more than 413.8 million USD on imports, up 28.8 percent from the previous
year and surpassing the set target by 5.57 percent.
A slew of measures have been deployed to effectively carry out the industrial
development project during 2016-2020 with vision towards 2030 to set up
large-scale production areas.
In July 2017, the provincial People’s Committee issued Plan No.91 on
implementing the industrial development project in 2016-2020 with vision
towards 2025. Accordingly, the province eyes an average growth of 10.5 percent
in added value of the industrial sector and a 15 percent growth in industrial
production value. Meanwhile, it expects that industry and construction will
make up 57.8 percent of its economy.
Infrastructure is key to develop local industry. The province will focus
investment on completing infrastructure in five industrial parks: Luong Son, Da
River Left-Bank, Mong Hoa, Lac Thinh and Yen Quang.
It will invest in developing basic infrastructure in six industrial clusters:
Chieng Chau, Khoang U, Phu Thanh II, Hoa Son, Dong Tam and Dong Lai-Thanh
Hoi./.
Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.
Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.
Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.
As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.
alternate member of the Central Party Committee, Secretary of the Hoa Binh provincial Party Committee Nguyen Phi Long on March 5 had a working session with Yan Jiehe, Founder and Chairman of the China Pacific Construction Group, one of China's largest private corporations in the field of transport infrastructure. Deputy Secretary of the provincial Party Committee, Chairman of the provincial People's Committee Bui Duc Hinh and leaders of provincial departments and sectors also attended the working session.
The electronic printed circuit board (PCB) manufacturing and processing plant of Japan’s Meiko Group, located at Da River Left Bank Industrial Park in Hoa Binh city with a total investment of over 200 million USD, is expected to create thousands of jobs and make a significant contribution to the local budget.
