(HBO) – The Standing Board of the Hoa Binh provincial Party Committee on October 23 had a working session with a delegation from Japan-based Meiko Group on the construction of an electronic circuit plant at the Da River Left Bank Industrial Park in Hoa Binh City.
Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the provincial Party Committee, members of the Standing Board of the provincial Party Committee, and leaders from competent departments and branches have a working session with Meiko Group.
Meiko Group will rent a total 9.2 hectares of land and infrastructure of Da Hop JSC to build the 200-million-USD plant.
The group stands out as one of the world’s top corporations that produce and assemble printed circuit boards (PCB) and provide electronics manufacturing service (EMS), with five factories in Japan, two in China, and many representative offices and subsidiaries worldwide.
In Vietnam, it has landed some 500 million USD in the construction of three electronic circuit manufacturing and PCB factories, creating jobs for more than 7,000 workers and contributing around 30 million USD annually to the state budget.
A Meiko representative recommended the province support the group with investment procedures and adjustment of project planning and investment scale, while securing stable power supply and providing other necessary conditions so that the construction of the plant can begin in March 2024.
At the working session, Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the provincial Party Committee, and members of the Standing Board of the provincial Party Committee, committed to accompanying the group and creating the best conditions for it and many other firms to invest in the province.
He ordered relevant departments and branches to focus on helping the investor complete procedures to carry out the project in line with schedule.
The management board of the local industrial parks should join hands with departments and sectors to handle the planning issue; ensure stable power, clean water and rational sewage system for Meiko; and remove bottlenecks during the construction process in a timely fashion, striving to kickstart the plant construction in March 2024.
Long also asked Meiko to set up a working group which will work with local authorities to carry out the project.
Appreciating the abundant potential and strengths of his hometown for tourism development, Ha Cong Hung, Deputy Secretary of the youth union of Mai Chau district’s Mai Hich commune, embarked on producing smoked meat with a desire to introduce his homeland's specialty to domestic and international tourists.
Hoa Binh farmers are investing big in their chilli pepper cultivation areas after the first batch of 7.5 tonnes of pickled chilli peppers was shipped to the Republic of Korea (RoK) by Tien Ngan Trade and Investment Co., Ltd last month.
Recognising the role and importance of developing the collective economy, the northern province of Hoa Binh has promptly issued support policies to propel the development of the economy, making important contributions to local socio-economic development.
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.
