(HBO) – Da Hop joint Stock Company has agreed to provide 1.5 hectares of land for Diostech Co., Ltd from the Republic of Korea to build a factory on manufacturing electronic components for digital cameras and cell phones at Da River Left-Bank Industrial Zone in Hoa Binh city.
A land leasing agreement was signed by the two companies’ representatives in July.
Workers of GGS Co., Ltd, in Da River Left-Bank Industrial Zone, work at a garment product for export production chain.
The facility has an investment of 20 million USD, expected to create jobs for hundreds of local residents and giving a bright outlook for the province’s industrial development.
According to Diostech, the firm has operated a factory in Vinh Phuc and selected Da River Left-Bank Industrial Zone to locate the new facility as it has developed infrastructure, reasonable lease rates together with competitive source of skilled workers in comparison with other cities and provinces.
The industrial park is home to many foreign enterprises, including Japan’s producer of lenticular lens Sanko and GGS from the Republic of Korea.
Meanwhile, Luong Son Industrial Park has more than 10,000 workers with an occupancy rate reaching 90 percent.
Luong Son district now has three industrial zones, including 83-ha Luong Son, 200-ha Nam Luong Son and 213-ha Nhuan Trach industrial parks.
The Nam Luong Son IP has cement plants Trung Son and Vinh Son and a vocational training school with an occupancy rate of 48 percent.
The district has lured 17 foreign direct investment projects so far with a total investment of more than 280,500 USD, accounting for 53 percent of the province’s FDI. Some 478 domestic companies have been established in the province, registering a total capital of 9.18 trillion VND, making up 20 percent of the province’s firms.
Industrial Production Index of Hoa Binh increased 9.69 percent year on year in the first half of 2017, said Director of the provincial Department of Industry and Trade Vu Mai Ho. Industrial production earned the province nearly 13.47 trillion VND, up 15.91 percent from the same period last year and fulfilling 50.16 percent of the yearly target. Processing industry has seen the biggest growth during the period due to stable prices of input materials.
Several industrial producers, for example, of sugar and starch, have recovered their operations after a period of suspension.
Hoa Binh has zoned off eight areas for industrial parks, covering a total area of 1,672 hectares. By 2020, the province plans to have 21 industrial clusters with a total area of 663 hectares./.
Vice Secretary of the provincial Party Committee and Chairman of the provincial People's Committee Bui Van Khanh chaired the regular October meeting of the provincial People's Committee to review 2024 socio-economic performance.
Taking advantage of favourable weather conditions, constructor is speeding up the construction of technical infrastructure at Tien Tien industrial cluster in Quang Tien commune of Hoa Binh city. So far, the construction of important infrastructure works in the industrial cluster such as the operation office, wastewater treatment plant, power supply system, clean water supply system, fire prevention and fighting system, rainwater drainage system, and internal traffic roads has been completed.
Numerous credit solutions have been implemented by local banks in Hoa Binh province to support individuals and businesses affected by Typhoon Yagi. These measures include debt rescheduling, providing in-depth financial advice, and offering interest rate reductions based on the extent of damages.
Starting from nothing and persevering through a challenging entrepreneurial journey, Bui Van Nhung, a teacher and Party member in Lac Son district’s Nhan Nghia commune - has built Nhung Van Co. Ltd. into a respected provider of high-quality products. Driven by his passion and determination to overcome poverty, this young Party member has blazed a new trail, inspiring the aspirations of farmers across Mường Vang.
In November 8, at Kim Boi District Stadium, the Department of Industry and Trade and the People's Committee of Kim Boi District, Hoa Binh province jointly organized the opening of the Fair to display and introduce typical products of ethnic minority and mountainous areas.
Orange growers in Cao Phong district of Hoa Binh province have enjoyed a good harvest and good prices of the fruit this year.
