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.
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.
