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.


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