The construction of a sheep wool factory kicked off at the Phat Chi industrial complex in Da Lat city of the Central Highlands province of Lam Dong on June 15.
The wool factory is estimated to
produce about 4,000 tonnes of wool per year for domestic consumption and
exports. (Illustrative photo: VNA)
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The factory, to be built at a cost of US$50 million, is a joint
project between the German Sudwolle Group and the Ho Chi Minh City-based Lien
Phuong Textile and Garment Corporation.
Covering a total area of more than 61,000 square metres, it is
estimated to produce about 4,000 tonnes of wool per year for domestic
consumption and exports.
Upon its operation in April 2019, the factory will use imported
materials to produce wool. Vietnam currently has 50 garment facilities using
wool, with most of them using materials imported from Australia.
The factory is expected to generate revenue of more than US$100
million per year and create jobs for 400 local labourers. It will also be
open to the public for visitors to witness all wool-making steps.
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Source: NDO
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.