(HBO) – Since the start of 2022, the Hoa Binh provincial People’s Committee has ordered relevant departments, sectors, and localities to mobilise resources for developing infrastructure at industrial parks (IPs) and industrial clusters; accelerate site clearance for the Yen Quang, Mong Hoa, Lac Thinh, and Nhuan Trach IPs; and step up administrative procedure reform and IT application so as to create favourable conditions for investors.

 


 The GGS Vietnam Co. Ltd, based in the Da River Left Bank Industrial Park in Hoa Binh city, has taken flexible moves to cope with the pandemic and boost production and business activities, thus ensuring stable jobs for employees.

IPs in Hoa Binh province are currently home to 104 valid projects, including 27 foreign direct investment projects worth 527.35 million USD and 77 domestic ones worth almost 11.1 trillion VND (485.5 million USD).

In the first quarter of 2022, businesses based in local IPs earned 4.96 trillion VND in revenue, up 13 percent year on year and equivalent to 25.3 percent of this year’s target. They created new jobs for 100 workers.

For 2022, the Hoa Binh IP management board targets 10 new investment projects to be attracted, revenue of businesses there hitting 19.6 trillion VND, and export value reaching 720 million USD./.

 


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