(HBO) – Businesses at industrial parks in the northern province of Hoa Binh are eager to carry out production plans after the week-long Lunar New Year holiday. Business activities as well as the living standards of employees are expected to be improved in this year.
Workers at Esquel Garment Manufacturing Company
at Luong Son industrial park come back to work, engaging in production
emulation campaigns 2018.
From the fifth day of the lunar New Year or February 20 this year,
Esquel Garment Manufacturing Company resumed operation. Workers have been actively
responding to 2018 production emulation campaigns.
The company is generating jobs for 4,000 workers
with monthly income of 5 million - 6 million VND each. Compared to previous
years, the living standards of workers at the company have been remarkably
improved.
Do Hanh, a representative from Esquel, said the
company is launching emulation campaigns to increase productivity and quality
of products as well as complete orders from partners.
The group is pouring investment into production expansion
at Luong Son industrial park, which is expected to draw more 1,000 employees in
2019, she added.
Meanwhile, nearly 300 workers at Hoa Binh
Koyueni Garment joint Stock Company have come back to work. Chairman of the
Board of Directors Dao Hong Son said the company received investment license in
2016 and put into operation in April 2017, specialising in socks production for
shipment to
Japan.
It has signed orders for the whole 2018.
After Tet, many businesses such as Sankoh Co.,
Ltd., R Lens Co., Ltd., Vietnam GGS Garment Company, Doosung Tech Vietnam Co.,
Ltd., ViNa HNT, Nissin Manufacturing Vietnam, Seyong INC, Midori Apparel
Vietnam have
resumed operation.
Deputy Head of the management board of
industrial parks Duong Nhu Ru said most of businesses have resumed their
operations following the week-long Tet holiday. The proportion of workers back
to work was high. In 2018, most of foreign direct investment (FDI) firms aim to
increase production value. Many set ambitious goals of doubling products
against last year. Such companies as Koyuseni, Seyuong and Esquel have received
orders for the whole 2018./.
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.
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