(HBO) – Da Hop joint Stock Company has agreed to provide 1.5 hectares of land for Diostech Co., Ltd from the Republic of Korea to build a factory on manufacturing electronic components for digital cameras and cell phones at Da River Left-Bank Industrial Zone in Hoa Binh city.
A land leasing agreement was signed by the two companies’ representatives in July.
Workers of GGS Co., Ltd, in Da River Left-Bank Industrial Zone, work at a garment product for export production chain.
The facility has an investment of 20 million USD, expected to create jobs for hundreds of local residents and giving a bright outlook for the province’s industrial development.
According to Diostech, the firm has operated a factory in Vinh Phuc and selected Da River Left-Bank Industrial Zone to locate the new facility as it has developed infrastructure, reasonable lease rates together with competitive source of skilled workers in comparison with other cities and provinces.
The industrial park is home to many foreign enterprises, including Japan’s producer of lenticular lens Sanko and GGS from the Republic of Korea.
Meanwhile, Luong Son Industrial Park has more than 10,000 workers with an occupancy rate reaching 90 percent.
Luong Son district now has three industrial zones, including 83-ha Luong Son, 200-ha Nam Luong Son and 213-ha Nhuan Trach industrial parks.
The Nam Luong Son IP has cement plants Trung Son and Vinh Son and a vocational training school with an occupancy rate of 48 percent.
The district has lured 17 foreign direct investment projects so far with a total investment of more than 280,500 USD, accounting for 53 percent of the province’s FDI. Some 478 domestic companies have been established in the province, registering a total capital of 9.18 trillion VND, making up 20 percent of the province’s firms.
Industrial Production Index of Hoa Binh increased 9.69 percent year on year in the first half of 2017, said Director of the provincial Department of Industry and Trade Vu Mai Ho. Industrial production earned the province nearly 13.47 trillion VND, up 15.91 percent from the same period last year and fulfilling 50.16 percent of the yearly target. Processing industry has seen the biggest growth during the period due to stable prices of input materials.
Several industrial producers, for example, of sugar and starch, have recovered their operations after a period of suspension.
Hoa Binh has zoned off eight areas for industrial parks, covering a total area of 1,672 hectares. By 2020, the province plans to have 21 industrial clusters with a total area of 663 hectares./.
Currently, Luong Son district counts 905 business establishments operating in industry and handicraft, helping generate jobs and stable incomes for local labourers.
Hoa Binh scored the highest points in two out of the eight indicators of the Public Administrative Reform (PAR) Index ranking in 2023 that the Ministry of Home Affairs announced on April 17.
A working delegation from Hoa Binh province led by Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Bui Van Khanh is attending a programme to popularise Vietnamese products in the US and Canada on April 20-28.
Anyone found to be encroaching upon the forest, even if it is just one bamboo shoot, will face penalties. This commitment has been unanimously added into the covenant of Bua Cau hamlet, Hung Son commune in Kim Boi district, to protect the forest.
The Hoa Binh Power Corporation (PC Hoa Binh) has applied synchronous measures to gear up for the coming summer season when power consumption demand surge may cause a risk of power supply disruption.
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