(HBO) – Hoa Binh’s industrial production index was estimated to increase by 23.35% in February against January and 39.07% compared with February 2022.
Sankoh Vietnam Co., Ltd in Hoa Binh
City specialising in manufacturing electronic components greatly contributes to
the export value of the province.
Specifically, the mining industry saw an estimated increase of
8.26%, and processing and manufacturing 15.52%. Electricity, gas, hot water,
steam, and air-conditioning production and distribution grew by about 33.71%.
The water supply, wastewater, and waste management and treatment sectors saw
their indexes decrease by 12.92%.
The overall index of the first two months posted a year-on-year
increase of 4.71%.
Also in February, the local export value neared 120.35 million
USD, up 4.66% against the previous month, up 5.51% compared with the same
period last year, and reached 13.88% of this year’s plan.
Its import turnover was estimated at 94.924 million USD, growing
3.46% against the previous month, 8.01% compared to the same period last year,
and accounting for 17.02% of this year’s plan./.
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.
.jpg)
