(HBO) – A Hyundai car dealership with 3S (Sales, Services and Spare Part) facility was launched in Hoa Binh City, the capital of Hoa Binh province in a ceremony held by Thanh An Hoa Binh JSC on December 11. The ceremony was attended by Vice Chairman of the provincial People’s Committee Nguyen Van Toan.
Provincial leaders attend the launch of Hyundai Hoa
Binh 3S facility.
It is a dealership authorized by Hyundai Thanh Cong, a venture between the
Republic of Korea’s Hyundai and Vietnam’s Thanh Cong Group. Hyundai Thanh Cong
has remained the largest producer and distributor of passenger cars in Vietnam.
Hyundai is among the world’s top 4 automaker which pioneers in deploying the
latest technology in producing affordable auto models.
Built based on GDSI standard, the 5,600sqm facility has total investment of 100
billion VND. It features a 560sqm modern showroom and a 4,320sqm zone for
maintenance and repair services with Europe-standard equipment
At the event, representatives from Thanh Cong Group and Hyundai Hoa Binh
thanked provincial leaders, departments, agencies, partners, and contractors
for making it possible to early complete the Hyundai Hoa Binh 3S facility, saying
they believe the facility will contribute to the development of auto industry
in Hoa Binh and the northwestern region at large.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
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.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.
Hoa Binh province has mobilised all resources to propel local agricultural products to make inroads into foreign markets, towards lifting the export turnover of key agricultural products to 137.8 million USD by 2030, accounting for 3.4% of the locality’s total export value of goods.
The locality aims to export farm produce to the US, the European Union, the UK, China, Japan, and the Republic of Korea.