Lac Son district promotes economic growth along roadmap

11/7/2018 - 5:08:04 PM

(HBO) – A ceremony for the Dai Nghia multi-sector cooperative to make its first public appearance was held at the cultural house on Re street, An Nghia commune in Lac Son district of the northern mountainous province of Hoa Binh in mid-October.

With a charter capital worth 850 million VND (36,555 USD), the cooperative has 20 members.

The Lac Son branch of Sankoh Company Limited generates jobs for nearly 1,000 local labourers.

Also in Lac Son district, a plant manufacturing electronic components in Xuat Hoa commune employs nearly 1,000 workers. Electronic components of the plant are manufactured and distributed for domestic and international industry development.

Spanning an area of 2ha, the Lac Son branch of Sankoh Company Limited became operational in 2013 with an investment worth more than 100 billion VND, attracting more than 300 labourers at the beginning. Now the company has about 1,000 workers who earn monthly salary ranging between 4-6 million VND.

Head of the production department of Sankoh company-Lac Son branch Hiroaki Chiba said along with the main factory in Hoa Binh city, the two plants create about 200 million pieces each year, raking in about 2 million USD.

The company has been awarded the flag honouring leading FDI enterprises in Hoa Binh province for many years, as well as certificates of merit from various sectors at central and provincial levels.

Meanwhile, Lac Son district recorded positive progress in nine months of 2018. The district’s agencies and People’s Committees of the communes and towns have strived to implement the year’s plan.

As of the third quarter of 2018, total output of food crops has reached nearly 67,620 tonnes. The district also improved 219.2 ha of mixed garden. Total retail sale and revenue in consumer service hit 1.05 trillion VND in the period.

In addition, the production value of industry and craft industry in nine months stood at 435 billion VND, and State and the locality’s budget collection were 27.77 billion VND and 680.531 billion VND.

In its strategy on socio-economic development in upcoming years for fields in industry and small-scale industry, construction and services, Lac Son district will work to tap its advantages and continue to bolster industry and handicrafts, creating favourable conditions for the craft industries such as carpentry, repair work and mechanics, among others.

It will also work to sustain and develop traditional craft villages, encourage investment projects in preservation plants and clean technology in agricultural product post-harvest processin

Starting business from hometown specialty

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Hoa Binh improves effectiveness of collective economy

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In the first quarter, the total capital of the credit institutions was estimated at 40,128 billion VND

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Lac Son - attractive destination for investors

Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.