(HBO) – In 2017, Hoa Binh city paid attention to developing industries which had advantages in materials and market. It also created optimal conditions to draw more investment in the locality, especially in industrial parks on the left bank of Da River.
The 3/2 garment export
firm (Hoa Binh city) has generated stable jobs for hundreds of labours over the
years.
Accordingly, industry and small
industry - handicraft of the city witnessed good growth. The city is currently
home to 80 industrial firms, a decrease of 3 firms against 2016, with 6,408
labours.
Of the total number, there
were 4,974 people working in foreign-invested enterprises, or 77.6 percent of
labourers in the sector. Meanwhile, 1,228 household businesses in small
industry - handicraft employed 2,326 workers.
The industrial production value
of the city is estimated to hit 3.090 trillion VND (136.39 million USD) in 2017,
up 14.99 percent year-on-year and 5.8 percent compared to the yearly plan.
Of the figure, enterprises
in the locality accounted for 2.51 trillion VND, a 14.6 percent increase
against 2016 while household businesses contributed 580 billion VND, up 16.9
percent year-on-year./.
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.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.
.jpg)
