.jpg)
Industry is considered the pillar and "backbone" of the economy that can lead to economic growth, according to the Politburo's Resolution No. 23-NQ/TW dated March 22, 2018 on orientations to building national industrial development policy until 2030, with a vision to 2045.
To make the industry truly the
pillar and driving force of the economy, Hoa Binh province has taken numerous
solutions over the past five years, including the issuance of supporting
policies that are relevant to the new period.
Based on an action programme developed by the Standing Board of the provincial
Party Committee, the provincial People's Committee has directed local
departments and sectors to issue plans and documents relating to six groups of
tasks and solutions such as restructuring and developing priority industries;
creating a favourable business and investment environment for industrial
development; issuing mechanisms and policies for expanding industrial
enterprises and industrial resources; policies for exploiting natural resources
and minerals and protecting the environment and adapting to climate change in
industrial development.
Thanks to the active and drastic direction of the provincial Party Committee
and People's Committee, progress has been made in terms of investment
attraction and its industrial sector, contributing to the locality’s economic
growth.
The industrial production value increased by 2.81% per year in the 2018 - 2022
period. The proportion of workers in the industry and service sectors rose from
33.85% in 2019 to 40% this year.
Attention has been paid to the planning and construction of industrial
infrastructure, creating favourable conditions for attracting industrial
projects. Currently, there are 16 planned industrial parks with a total area of
over 4,000ha.
No facilities that cause serious environmental pollution have so far been
reported in the locality.The rate of hazardous waste treated has reached
over 95%. A number of key industrial sectors have been formed, creating
motivation for development. Administrative and institutional reform and policy
mechanisms building have met the requirements of industrial development.
In order for the industry to develop properly and play a vital role in leading
other economic sectors, the province aims to lure investment in the industrial
sector towards improving productivity and quality, using less resources and
energy and becoming friendly to the environment.
Priority will be given to attract industrial projects producing key products to
effectively and competitively participate in the global value chain such as
projects involved in producing and manufacturing electronic components and
equipment; those with high intellectual content, creating great added value and
consuming less resources and energy or causing environmental pollution.
The province strives to achieve the goal that by 2025, the proportion of
industry-construction accounts for 54% of the economic structure and the
occupancy at industrial parks reached over 80%.
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.
