(HBO) – Da Hop joint Stock Company has agreed to provide 1.5 hectares of land for Diostech Co., Ltd from the Republic of Korea to build a factory on manufacturing electronic components for digital cameras and cell phones at Da River Left-Bank Industrial Zone in Hoa Binh city.
A land leasing agreement was signed by the two companies’ representatives in July.
Workers of GGS Co., Ltd, in Da River Left-Bank Industrial Zone, work at a garment product for export production chain.
The facility has an investment of 20 million USD, expected to create jobs for hundreds of local residents and giving a bright outlook for the province’s industrial development.
According to Diostech, the firm has operated a factory in Vinh Phuc and selected Da River Left-Bank Industrial Zone to locate the new facility as it has developed infrastructure, reasonable lease rates together with competitive source of skilled workers in comparison with other cities and provinces.
The industrial park is home to many foreign enterprises, including Japan’s producer of lenticular lens Sanko and GGS from the Republic of Korea.
Meanwhile, Luong Son Industrial Park has more than 10,000 workers with an occupancy rate reaching 90 percent.
Luong Son district now has three industrial zones, including 83-ha Luong Son, 200-ha Nam Luong Son and 213-ha Nhuan Trach industrial parks.
The Nam Luong Son IP has cement plants Trung Son and Vinh Son and a vocational training school with an occupancy rate of 48 percent.
The district has lured 17 foreign direct investment projects so far with a total investment of more than 280,500 USD, accounting for 53 percent of the province’s FDI. Some 478 domestic companies have been established in the province, registering a total capital of 9.18 trillion VND, making up 20 percent of the province’s firms.
Industrial Production Index of Hoa Binh increased 9.69 percent year on year in the first half of 2017, said Director of the provincial Department of Industry and Trade Vu Mai Ho. Industrial production earned the province nearly 13.47 trillion VND, up 15.91 percent from the same period last year and fulfilling 50.16 percent of the yearly target. Processing industry has seen the biggest growth during the period due to stable prices of input materials.
Several industrial producers, for example, of sugar and starch, have recovered their operations after a period of suspension.
Hoa Binh has zoned off eight areas for industrial parks, covering a total area of 1,672 hectares. By 2020, the province plans to have 21 industrial clusters with a total area of 663 hectares./.
Being located more than 10 km from the center of Hoa Binh city, Sen Vang Organic Farm is in Dong Chua hamlet, Thong Nhat ward. This is an ideal destination for those who want to immerse themselves in the nature and find the peace after the hustle and bustle of life. With an area of over 60 hectares, the farm is systematically planned, harmoniously combining the wild natural landscape and diverse experience areas. Sen Vang chrysanthemum tea is produced from organic, completely natural ingredients.
In 2024, Hoa Binh province witnessed signs of economic recovery, particularly in investment attraction. Notably, several projects are showing good progress, indicating that the vitality of businesses is positively correlated with the overall economic recovery.
The 25th Party congress of the Lac Thuy district for the 2020-2025 term identified the development of industry, trade, and services as its top priorities to drive the shift of the economic structure towards increasing the proportion of industry and services while reducing the that of agriculture, thus contributing to creating a motivation for socio-economic development in the locality.
Hoa Binh HKK Knitting Co. Ltd., located in the Hoa Binh Left Bank Industrial Zone, employs nearly 500 local workers with an average monthly salary of 8 million VND (3,150 USD).
Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.
Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.
