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.
During the two days of November 14th – 15th, at the Provincial Cultural Palace, the Department of Industry and Trade organized a conference to connect the product consumption of the ethnic minorities and the mountainous areas in 2024. There was the attendance of the representatives of leaders of a number of departments, branches, businesses, manufacturers and distributors inside and outside the province.
The One Commune One Product (OCOP) programme is reshaping the rural economy of Lac Son district, helping improve living standards, particularly among the ethnic minority communities in remote areas of Lac Son district.
The Van Mai dam xanh (Bangana lemassoni) fish has long been famous for its unique and delicious flavour, earning a spot on the menus of many restaurants and attracting food connoisseurs. In recent years, residents in Van Mai commune, Mai Chau district, have expanded their fish farming areas and striven to build a strong reputation for their product. They are also working to establish it as an OCOP (One Commune, One Product) item to increase their income.
Outstanding rural industrial products of Hoa Binh province in 2024 were recently honoured and granted certificates, becoming a source of pride for producers and also a boost for local economic development. The honourees are all deeply imbued with the local cultural identity and boast considerable commercial potential, helping popularise the image of Hoa Binh to domestic and international consumers. This is also a solid stepping stone for rural industrial establishments to develop.
In the first 10 months of 2024, Hoa Binh city made significant progress in job creation and labour exports, sending 112 workers abroad through partnerships with authorised recruitment firms.
An award ceremony to announce the official certification for Mai Chau district’s Bangana lemassoni fish, a specialty of the locality because of its unique flavour, was held recently in the district.
