(HBO) - Meiko Electronics Co., Ltd, a Japanese corporation, is implementing a 200 million USD project to build a factory producing various types of electronic circuits in the industrial zone on the left bank of the Da River, Hoa Binh city. At a meeting with the firm on June 8, Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the Hoa Binh province Party Committee, affirmed a consistent standpoint of always supporting and accompanying enterprises in effectively carrying out projects. He pledged to create maximum conditions for Meiko Electronics to successfully operate in the locality.
Nguyen Phi
Long, alternate member of the Party Central Committee and Secretary of the Hoa
Binh province Party Committee, receives a leader of Meiko Electronics Co., Ltd.
Atsushi Sakate, executive vice president of Meiko, said the corporation
has invested in building three electronic circuit manufacturing and PCB
assembly plants in Vietnam with a total investment of up to 500 million USD.
Such investment has so far created over 7,000 jobs and contributes
approximately 30 million USD to the state budget annually, he elaborated.
Covering 9.2ha, the ongoing electronic circuits
production project in Hoa Binh is set to also work on handling pollution,
collecting and treating wastewater, emission gas, and solid waste, and
recycling and reusing waste materials. It is approved to operate foru 50 years.
Meiko has planned to construct office buildings
and workshops between Q4 of 2022 and Q4, 2023; purchase, transport, and install
machinery and equipment as well as recruit and train employees in Q1 and Q2
next year; and conduct trial production and subsequently commence full-scale
operation from the next Q2 onward. The estimated number of workers to be
employed is around 3,000 by 2030. The projected contribution to the state
budget will be approximately 200 billion VND (8.5 million USD) per year when
the factory reaches its full production capacity in 2030.
Meiko said it hopes to continue receiving
support from the Hoa Binh authorities to successfully implement the project.
Chu Van Thang, head of the management board of
the provincial industrial zones, stated that the project is significant as it
promotes economic restructuring, addresses employment issues, contributes to
the state budget, and increases export value. Over the recent times, the
province has directed relevant departments and agencies to create favourable
conditions for its implementation in line with the plan, with Meiko’s proposals
resolved, Thang said.
Quach Tat Lien, Vice Chairman of the Provincial
People's Committee, pledged that the province will always accompany Meiko in
such a process by facilitating investment procedures and land provision for the
company to build worker accommodations.
He expressed his desire for the corporation to
closely follow the province's investment direction and expedite the
construction progress./.
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.
The Hoa Binh provincial People's Committee has issued Decision No. 2767/QD-UBND announcing the rankings of departments, agencies, districts and Hoa Binh city in the Public Administration Reform Index (PAR) and the Satisfaction Index of Public Administration Services (SIPAS) in 2024.
The cultivation of Dam Xanh fish (Bangana lemassoni), a unique fish species, has seen remarkable growth in Mai Chau district, thanks to its high economic value and effectiveness. Initially concentrated in Van Mai commune, farming has now extended to four other communes, namely Mai Hich, Mai Ha, Chieng Chau, and Son Thuy. These areas benefit from pristine underground water flowing from mountain crevices, providing ideal conditions for raising this specialty fish.
In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.
In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.
