(HBO) – Da Hop joint Stock Company has agreed to provide 1.5 hectares of land for Diostech Co., Ltd from the Republic of Korea to build a factory on manufacturing electronic components for digital cameras and cell phones at Da River Left-Bank Industrial Zone in Hoa Binh city.
A land leasing agreement was signed by the two companies’ representatives in July.
Workers of GGS Co., Ltd, in Da River Left-Bank Industrial Zone, work at a garment product for export production chain.
The facility has an investment of 20 million USD, expected to create jobs for hundreds of local residents and giving a bright outlook for the province’s industrial development.
According to Diostech, the firm has operated a factory in Vinh Phuc and selected Da River Left-Bank Industrial Zone to locate the new facility as it has developed infrastructure, reasonable lease rates together with competitive source of skilled workers in comparison with other cities and provinces.
The industrial park is home to many foreign enterprises, including Japan’s producer of lenticular lens Sanko and GGS from the Republic of Korea.
Meanwhile, Luong Son Industrial Park has more than 10,000 workers with an occupancy rate reaching 90 percent.
Luong Son district now has three industrial zones, including 83-ha Luong Son, 200-ha Nam Luong Son and 213-ha Nhuan Trach industrial parks.
The Nam Luong Son IP has cement plants Trung Son and Vinh Son and a vocational training school with an occupancy rate of 48 percent.
The district has lured 17 foreign direct investment projects so far with a total investment of more than 280,500 USD, accounting for 53 percent of the province’s FDI. Some 478 domestic companies have been established in the province, registering a total capital of 9.18 trillion VND, making up 20 percent of the province’s firms.
Industrial Production Index of Hoa Binh increased 9.69 percent year on year in the first half of 2017, said Director of the provincial Department of Industry and Trade Vu Mai Ho. Industrial production earned the province nearly 13.47 trillion VND, up 15.91 percent from the same period last year and fulfilling 50.16 percent of the yearly target. Processing industry has seen the biggest growth during the period due to stable prices of input materials.
Several industrial producers, for example, of sugar and starch, have recovered their operations after a period of suspension.
Hoa Binh has zoned off eight areas for industrial parks, covering a total area of 1,672 hectares. By 2020, the province plans to have 21 industrial clusters with a total area of 663 hectares./.
After more than four years of implementing a project launched by the Hoa Binh Party Committee’s Standing Board on developing agriculture and promoting product consumption linked with building new-style rural areas for the 2021-2025 period, the province’s industry and trade sector has made significant strides, greatly contributing to local socio-economic development.
Luong Son district has identified 2025 as the year for the accelerated breakthrough to successfully implement the socio-economic development plan for the 5-year period from 2021 to 2025. The district has been focusing on executing the plans and trying to achieve a GRDP growth rate of approximately 15%.
Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.
Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.
Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.
As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.
