(HBO) – Since the start of 2022, the Hoa Binh provincial People’s Committee has ordered relevant departments, sectors, and localities to mobilise resources for developing infrastructure at industrial parks (IPs) and industrial clusters; accelerate site clearance for the Yen Quang, Mong Hoa, Lac Thinh, and Nhuan Trach IPs; and step up administrative procedure reform and IT application so as to create favourable conditions for investors.
The GGS Vietnam Co. Ltd, based in the Da
River Left Bank Industrial Park in Hoa Binh city, has taken flexible moves to
cope with the pandemic and boost production and business activities, thus
ensuring stable jobs for employees.
IPs in Hoa Binh province are currently home to
104 valid projects, including 27 foreign direct investment projects worth
527.35 million USD and 77 domestic ones worth almost 11.1 trillion VND (485.5
million USD).
In the first quarter of 2022, businesses based
in local IPs earned 4.96 trillion VND in revenue, up 13 percent year on year
and equivalent to 25.3 percent of this year’s target. They created new jobs for
100 workers.
For 2022, the Hoa Binh IP management board
targets 10 new investment projects to be attracted, revenue of businesses there
hitting 19.6 trillion VND, and export value reaching 720 million USD./.
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.
