Over the years, businesses located in local industrial parks (IP) have operated stably, completing and exceeding their plan and enjoying growth in revenue, export revenue and State budget payment, while contributing to creating jobs for local labourers.
Workers of Nissin Manufacturing Vietnam at Luong Son IP in Luong
Son district, which is employing nearly 250 labourers with an average income of
9.8 million VND per month.
The motorcycle components factory of Nissin Manufacturing Vietnam Co., Ltd. in
Luong Son IP in Luong Son district officially came into operation in 2014 with
a capacity of producing 23 million products each year.
In 2022, the firm created jobs for nearly 250 labourers who earn 9.8 million
VND (405 USD) each month. It paid 1.776 million USD to the State budget. The
company has shown strong performance in caring for labourers and creating a
friendly working environment for workers.
Luong Son IP is hosting 39 investment projects, including 17 foreign-invested
ones with a combined capital of 230 million USD. The projects have created jobs for about 15,000 labourers, mostly locals, with
an average income of over 6.5 million VND per month.
In the first nine months of this year, companies in the IP reported a revenue
of 13.18 billion VND, and exports of 499.09 million USD, paying 144.66 billion
VND to the State budget. As many businesses in the IP are enjoying exemption of corporate income tax,
the State budget collection in the next three years is expected to far exceed
the current figure.
Meanwhile, businesses in the Da River’s Left Bank IP are also operating stably.
According to the Management Board of Hoa Binh IPs, in the first nine months of
this year, the IP attracted additional three projects, fulfilling 60% of its
plan. Companies in the IP posted a combined revenue of 15.29 trillion VND. They
have created new jobs for 1,032 labourers.
To date, IPs in Hoa Binh have lured 107 projects, including 25 foreign-invested
ones with a total investment of 519.33 million USD, and 82
domestically-invested ones with a combined capital of 15.87 trillion VND.
Chu Van Thang, Director of the Management Board of Hoa Binh IPs, said that this
year, local IPs aim to attract five new projects, earning 22 trillion VND in
revenue and exports of 770 million USD, and creating new jobs for about 1,880
To this end, the province has focused on improving the investment and business
environment, while upgrading the infrastructure of local IPs, and preparing
land stocks for investors, Thang said.
In 2023, Lac Thuy district, Hoa Binh province will manage and develop five brands granted protection certificates by the Department of Intellectual Property, Ministry of Science and Technology, including one collective brand, "Lac Thuy orange" and four certification brands: "Lac Thuy chicken", "Lac Thuy custard apple", "Lac Thuy goat", "Song Boi tea".
The Hoa Binh provincial Department of Agriculture and Rural Development coordinated with the People’s Committees of Luong Son and Yen Thuy districts, and the RYB joint Stock Company held a ceremony in Hanoi on January 23 to mark the export of this year’s first batch of Dien pomelo to the US. The event saw the presence of Vice Chairman of the provincial People’s Committee Dinh Cong Su.
Determining that attracting investment is an important task in the socio-economic development, in recent years, Hoa Binh province has implemented many specific solutions to improve the environment of the business investment and supported in overcoming the difficulties for the businesses and investors, promoting the investment attraction into the province.
A delegation of Ichinoseki city, located in Japan’s Iwate prefecture, led by Mayor Yoshihito Sato paid a working visit to Hoa Binh city of Hoa Binh province on January 18 to discuss bilateral cooperation. They were welcomed by Nguyen Van Thang, member of the provincial Party Committee’s Standing Board and Secretary of the Party Committee of Hoa Binh city, along with officials of some local departments and sectors.
Pomelo growers in Tan Lac district, Hoa Binh province are busy preparing to harvest and supply high-quality products to the market on the occasion of the 2024 Lunar New Year (Tet) festival.