(HBO) – The prolonged COVID-19 pandemic has adversely affected all socio-economic aspects, including the industrial sector. However, thanks to directions issued by all-level Party committees and administrations, appropriate solutions proposed by relevant agencies to address difficulties and facilitate production and business and, especially, local enterprises’ determination and adaptability, the industrial sector of Hoa Binh has managed to record growth, serving as an important driving force for the province’s socio-economic development.


Starting manufacturing in February 2020, the ANTONA joint Stock Company, based in Luong Son Industrial Park, has provided jobs for 60 people with monthly per capita income of over 5 million VND (220 USD).

Hoa Binh currently accommodates more than 350 industrial production projects, over 60 percent which have become operational.

The province has paid attention to attracting projects to the high technology, manufacturing, support, and construction material industries, while prioritising the ones that are environmentally friendly and efficiently use local materials. It is pushing ahead with industrial restructuring by promoting spearhead industries and the sectors it has advantages for. Besides, authorities are also encouraging the sectors directly producing export items so as to improve their added value.

Speeding up the restructuring of industries, craft industries, and the rural economy, localities in Hoa Binh are strongly switching to manufacturing the products that the province has strength in, forming concentrated production zones, and bolstering the transfer of production, preservation, and processing technology.

Thanks to appropriate orientations and timely mechanisms and policies, local industrial production has sustained fair growth. Some key industries and the sectors Hoa Binh has comparative advantages for have maintained growth and posted a surge in production output.

On an annual basis, the industry - construction value has risen by 7.33 percent on average. Meanwhile, the industrial production value has grown by 13.52 percent and the industrial production index 10.5 percent. The industrial structure has recorded a positive shift as seen in the processing industry holding a larger proportion and mineral mining shrinking gradually.

The recent achievements in industrial development have provided an important driving force for departments, agencies, and localities in Hoa Binh to perform the task set up in the resolution of the 17th provincial Party Congress: developing the industrial sector into a true economic impulse that grows fast, sustainably, and effectively, promotes other economic sectors, helps realise social goals, and raises the percentage of industry - construction in the local economy to 54 percent by 2025./.

 


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