At present, GGS Garment Export Company - Song Da left bank industrial zone is creating jobs for 1,000 local workers.
According to Mr. Nguyen Thanh Huy, Chairman of Hoa Binh People's Committee, in the past years, the business investment environment in the city has been improved, especially since the Public Administration Center came into operation along with the promotion of Administrative reform has created favorable conditions for investors to carry out investment procedures.
The planning of industrial zones and clusters are being rushed, ready to receive projects. Parallel with that, the industrial zone was renovated its infrastructure by investors, creating favorable conditions for production and business enterprises.
According to the leaders of Hoa Binh city, the biggest strength of the city today is an Industrial Zone, three oriented industrial clusters. In particular, Song Da left bank industrial zone is currently attracting dozens of investment projects, including foreign companies investing hundreds of million dollars, creating jobs for thousands of workers living in the city and districts nearby.
According to the statistics from the People's Committee of Hoa Binh City, thanks to the efforts of enterprises, production and business establishments in the industry, in the first quarter of 2018, the production value of industry and handicraft in the city is estimated at over 817, 2 billion VND, up by 11.45% compared to the same period of 2017, reached at 24.4% in the plan of 2018. Of which, the production value of state-owned enterprises in the area is estimated at 20,125 billion VND, up by 13.12% in comparison with the same period of 2017; the production value of enterprises is estimated at 650.43 billion VND, up by 12.6% in comparison with the same period of 2017, the production value of individual production and business establishments reached 146.72 billion VND, compared to the same period of 2017, increasing by 6.37%.
However, in addition to the achievements, Hoa Binh city also showed many difficulties and limitations in industrial development, such as infrastructure investment resources have not met the actual needs. The supported industry has newly developed, the number of enterprises has not developed rapidly, the scale is small, investment capital is low leading to weak competitiveness; there are no major products to bring high economic values, etc.
The industrial development orientation of the city in the coming time will focus on exploiting potentials, strengths and mobilizing all resources to develop many fields, of which focus on developing industries and small industries, encouraging investment in new technologies and techniques for key traditional industries of the city such as garment, mechanics, agro-food processing, etc. At the same time, all the industrial zones and industrial clusters will be encouraged to develop clean and high-value-added and high-tech industries.