(HBO) – At the end of 2018, industrial parks in the northwestern province of Hoa Binh were home to 87 projects, including 23 foreign direct investment (FDI) ones with a combined registered capital totalling 605.4 million USD and 64 domestic projects capitalised at 7.25 trillion VND (312.9 million USD).
Currently, 16 out of the 23
FDI projects are operating well.
The Transon company in the Luong Son Industrial Park generates
jobs for 1,000 workers.
In 2018, FDI projects
earned about 614 million USD in revenue and 596 million USD in exports, and created
stable jobs for 15,700 labourers. Meanwhile, their import values stood at 502
million USD and the projects contributed 4.33 million USD to the State budget.
All figures recorded surges of 110-126 percent year-on-year.
Hoa Binh province has
launched solutions to address difficulties in production and , as well as
provided refresher courses for local workers. The province also bolsters
infrastructure investment and prepares land to attract investment and support
prompt and efficient operation of businesses, thereby contributing to stable
job creation, State budget collection and sustainable economic restructuring of
the locality./.
Recently, the Standing Committee of Cao Phong District’s Youth Communist Union has actively directed the effective implementation of the models of collective economic development among youth, promoting the start-up movement among the youth, and helping each other develop the economy to get rich in their homeland.
Da Bac district leverages its abundant grazing lands and diverse food resources to develop goat farming as a key economic model. This initiative not only enhances incomes but also contributes to poverty alleviation and local socio-economic development.
The year-end is considered a "golden time" to stimulate trade and tourism. Various activities have been organised to seize positive market signals, enhance product branding, and drive socio-economic growth.
Hoa Binh Province currently has over 870
hectares of tea plantations, with six districts having concentrated tea
production areas that boast advantages in soil, climate, history, and
distinctive tea varieties: Yen Thuy, Lac Thuy, Da Bac, Mai Chau, Tan Lac, and
Luong Son.
Recently, Hoa Binh province has continued to review the planning of industrial parks up to 2030 and implemented procedures to prepare subdivision plans for industrial parks as per regulations.
Da Bac district leverages its abundant grazing lands and diverse food resources to develop goat farming as a key economic model. This initiative not only enhances incomes but also contributes to poverty alleviation and local socio-economic development.
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