(HBO) – The index of industrial production in Hoa Binh province grew by around 9.5 percent in the first quarter compared to the same period last year, according to the provincial People’s Committee.
The industrial production value during the
period was estimated at more than 9.7 trillion VND (421.1 million USD), up 16
percent year on year.
In particular, the processing and manufacturing industry has
gradually recovered. The production of its beer and beverages, which are among
the industry’s key products, increased by some 6.49 percent, steel and metal
products up 10.64 percent, and cement rose 3.82 percent.
Thanks to new machinery and equipment, the An Phuc
Export Garment Company, based in Hang Tram town of Yen Thuy district, has
improved its productivity and provided stable jobs for local workers.
In terms of electricity generation and
distribution, the three-month power output surpassed 1.83 billion kWh,
equivalent to nearly 19 percent of this year’s target and up 66.3 percent year
on year. Meanwhile, the commercial electricity output was about 265.61 million
kWh, equivalent to 25.25 percent of the annual target and up 23 percent.
Besides, the mining industry maintained stable growth,
with the stone and ore mining output rising 2.8 percent and 0.68 percent from a
year earlier, respectively./.
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.
