(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./.
Appreciating the abundant potential and strengths of his hometown for tourism development, Ha Cong Hung, Deputy Secretary of the youth union of Mai Chau district’s Mai Hich commune, embarked on producing smoked meat with a desire to introduce his homeland's specialty to domestic and international tourists.
Hoa Binh farmers are investing big in their chilli pepper cultivation areas after the first batch of 7.5 tonnes of pickled chilli peppers was shipped to the Republic of Korea (RoK) by Tien Ngan Trade and Investment Co., Ltd last month.
Recognising the role and importance of developing the collective economy, the northern province of Hoa Binh has promptly issued support policies to propel the development of the economy, making important contributions to local socio-economic development.
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.
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.
