With a rise in number and improvement in production and business efficiency, companies, cooperatives, and business households in Lac Son commune have made important contributions to the transformation of economic structure and economic growth of the locality, creating jobs, joining hands in dealing with social issues, and helping increase State budget collection of the district.
Lac Son Electronics Co., Ltd. in Muong Voi street, Vu Ban town
of Lac Son has created jobs with stable income for 800 labourers.
Specialising in processing plastic products, Lac Son Electronics Co., Ltd with
two factories in Moi village of Van Nghia commune and Muong Voi street of Vu
Ban town has created jobs for more than 1,200 labourers, mostly locals.
Director Ha Thi Minh said that her company has received great support from the
local administration. The company has shown strong performance in implementing
its obligations to the State and labourers as well as in social welfare
activities, thus winning strong confidence from workers.
Nhung Van company, specialising in producing turmeric starch, was developed
from a business household. Bui Van Nhung, owner of the facility, said that
recognising the potential of the product and receiving good feedback from
customers, the firm has researched for more products and enhanced the quality
of its products to meet customers’ demands. The firm’s products have been
certified as four-star by the One Commune-One Product (OCOP) programme.
The company’s material region has been expanded, enabling local farmers to earn
60-75,000 million VND (2,421-3,026 USD) per hectare, said Nhung.
Statistics show that currently, Lac Son is home to 139 operating enterprises,
including 46 in the field of construction, 38 in trade, 11 in service, 30 in
manufacturing, seven in agriculture, and six in transport. The firm have
created jobs for more than 5,000 labourers.
Outstanding businesses include Lac Son Toys Co. Ltd., which is employing more
than 1,600 labourers, Thien Dieu Co. Ltd. with 800, and Lac Son Electronics
Co., Ltd. with 800.
Meanwhile, the district has 60 cooperatives with nearly 730 members, creating
jobs for 840 labourers, along with more than 5,700 business households. They
have paid about 4 billion VND (161,322 USD) to the State budget.
Bui Van Linh, Chairman of the People’s Committee of Lac Son, said that local
companies, cooperatives, and business households have made great contributions
to socio-economic development in the district, while actively engaging in
social welfare activities.
Last years, they paid 41.7 billion VND to the State budget, accounting for
40.8% of the district’s total collection. They have also helped improve the per
capita income of the district, which has reached 60.3 million VND per year.
Linh affirmed that the district will continue creating favourable conditions
for local companies, cooperatives, and business households to develop, while
designing support policies for them and assisting them in deal with
difficulties, and speeding up administrative reform.
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.
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.
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