(HBO) – Production and business activities in Hoa Binh province recorded good growth in 2019, according to the provincial Department of Industry and Trade. Industrial and handicraft firms maintained effective operation, while the industry and service sectors accounted for a higher percentage of the province’s gross regional product. Key products of Hoa Binh posted increases compared to the same period last year and surpassed the year’s plan.
Hoa
Binh-based Sankoh Vietnam Company Limited makes significant contribution to the
province’s industrial growth with its export turnover reaching more than 17
million USD. The firm created jobs for over 1,200 local workers.
The province’s industrial production value
was estimated at 37.39 trillion VND (1.61 billion USD) in 2019, a year-on-year
rise of 15 percent and exceeding the yearly plan by 0.01 percent.
During the year, local firms worked to
reduce reliance on sub-contracting and assembling, while investing more in technology
and production equipment. Garment-textile and electronic component
manufacturing enjoyed high growth.
Notably, the production of electronic
devices posted a 2.27 percent increase year-on-year and surpassed the yearly
plan by 0.05 percent, while lens output saw a 0.84 percent rise against the
same period last year, and surpassed the yearly plan by 0.19 percent.
The output of several products in
processing, manufacturing and mining also saw positive growth. Cement and stone
posted increases of 0.53 percent and 10.53 percent, exceeding the year’s plans
by 5.56 percent and 2.44 percent, respectively./.
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.
