(HBO) – Hoa Binh city’s industrial and handicraft production was estimated at 580 billion VND in February, an increase of 15.25 percent from the same period last year.
The figure includes 220.5 billion VND generated by local
manufacturers, up 12.9 percent year on year, and 254.5 billion VND by foreign
investors, up 17 percent. Household businesses contributed 105 billion VND to
the total production, up 20.6 percent.
In the first two months of 2020, the city’s industrial and
handicraft production was worth 1.738 billion VND, up 13.5 percent from a year
earlier.
After Ky Son district was merged into Hoa Binh city, the
city plans to focus on supporting business expansion to create jobs for local
people. It will prioritise developing industries it holds advantages in terms
of materials and market.
This year, the city sets to have the service sector accounting
for 48.5 percent of the local economy, followed by industry and construction
(44.2 percent), and agriculture, forestry and fisheries (7.3 percent)./.
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.
