Vu Thi Hop, Chairwoman of the Da Hop JSC – investor of the Da River Left Bank Industrial Zone in Hoa Binh province, said the company did not only invest hundreds of billions of VND in developing infrastructure at the industrial park, but also strived to attract investors, particularly in environmentally-friendly and hi-tech industries that require large investment.

Workers of Dai Mo Rubber Plastics JSC at Luong Son Industrial Park.

Vu Thi Hop, Chairwoman of the Da Hop JSC – investor of the Da River Left Bank Industrial Zone in Hoa Binh province, said the company did not only invest hundreds of billions of VND in developing infrastructure at the industrial park, but also strived to attract investors, particularly in environmentally-friendly and hi-tech industries that require large investment.

The industrial park currently houses 23 enterprises, including six FDI firms. Last month, the Da Hop JSC received representatives from Japan’s Private Finance Initiative (PFI) to promote industrial investment not only at the Da River Left Bank Industrial Zone, but also in other districts of the province.

The province’s industrial and handicraft production has seen progress since the beginning of the year with improved business climate that continued to motivate the economic growth. The industry, particularly processing and manufacturing, was the key driver of the economic growth.

In the first three quarters of the year, the province’s industrial and handicraft production valued at 26.8 trillion VND, up 12.7 percent compared to the same period last year and equal to 71.7 percent of the yearly target. Its Index of Industrial Production (IIP) picked up 10.5 percent year on year with significant growth recorded in various areas of the processing and manufacturing industry, such as clothing, electronics, bricks, MDF boards, cement, animal feeds and steel structures.

Many local textile-garment and footwear producers have orders until the year end and are working hard to fulfill these orders and look for new ones.

During the period, accumulated electricity production exceeded 8.2 million kWh, representing72.6 percent of the yearly goal. Positive sign was also witnessed in the mining with production of construction stone expanding 40.1 percent year on year while that of coal increasing 22.3 percent year on year.

Hoa Binh expects the industrial production value to reach nearly 10.6 trillion VND in the last three months of 2019 to bring the entire year’s figure to 39.4 trillion VND, creating impetus for the province’s economic growth in the following years./.


Related Topics


Farmer becomes better-off thanks to raising bamboo rats

After several unsuccessful attempts to raise pigs, buffaloes and cows, Nguyen Hong Minh who resides in Mui hamlet, Hoa Binh city’s Doc Lap commune decided to try breeding bamboo rat.

Hoa Binh creates best business environment for local firms

Chairman of the Hoa Binh People’s Committee Bui Van Khanh on February 2 held a Lunar New Year meeting with businesses, investors and cooperation in the locality. The event drew Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Council Bui Duc Hinh; Vice President of the Vietnam Chamber of Commerce and Industry Hoang Quang Phong; representatives from the Vietnam Association of Small and Medium-Sized Enterprises and the Vietnam Association of Young Entrepreneurs; as well as leaders of local departments, sectors and localities and 200 local businesses, cooperatives and investors in the locality.

Hoa Binh works on boosting agricultural exports

Following the successes achieved in 2023, the local agricultural and rural development sector, localities and cooperatives are gearing up for first orders of the year, as part of their efforts to boost agricultural exports.

Enterprises resume operation after Tet holiday

Most workers at enterprises in the northern province of Hoa Binh have turned to work just one week after the Tet (Lunar New Year) holiday.

Hoa Binh ensures stable power supply for local production

The Hoa Binh Power Corporation (PC Hoa Binh) has directed its units to build plans as well as arrange resources to ensure stable electricity for local winter-spring crop production.

Exporting 40 tons of Bat Bao lotus porridge to Japan

On February 28, the Department of Agriculture and Rural Development of Hoa Binh province coordinated with Minh Trung Vietnam Group joint Stock Company, Hoa Binh branch in Luong Son industrial park, Luong Son district organized a ceremony to export Bat Bao lotus porridge to the Japanese.