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
labourers.
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.
After the Lunar New Year (Tet) holidays, trade union members and workers in Hoa Binh province returned to work with an excited spirit at the beginning of the new spring. Throughout the workshops, factories and enterprises, they were full of enthusiasm, immediately getting to work, striving to excellently complete tasks and production and business targets.
Red grapefruit is a native crop of Tan Lac district, where the fertile soil and favourable climate create ideal conditions for its growth. With over 80% of the area being mountainous, at an altitude of 300-400 metres above sea level, red grapefruits here thrive on well-drained, fertile hillside soil. The region’s large temperature variation between day and night enhances the fruit's nutrient absorption. The local cultivation techniques also contribute to its uniqueness
The provincial business association recently convened a conference to review its 2024 operations and outline plans for 2025. The meeting was attended by Standing Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Bui Duc Hinh along with leaders from various departments and agencies.
Hoa Binh province is prioritising rural transportation infrastructure to improve mobility, facilitate trade, and boost socio-economic development.
The Minister of Agriculture and Rural Development has just issued Decision No. 377/QD-BNN-VPĐP approving the results of the evaluation and classification of the products of the National One Commune One Product Program in 2024 (phase 3).
As the Lunar New Year (Tet) approaches, the market becomes more vibrant than ever. In Hoa Binh province, preparations for Tet have been bustling since the 20th of the last lunar month, with an abundant supply of goods to meet the growing consumer demand.
