Foreign investment projects in the northern province of Hoa Binh have made substantial contributions to the State budget while creating jobs for more than 10,000 local labourers, according to the Director of Hoa Binh Management Board of Industrial Parks, Tran Van Phuc.
Hoa Binh province currently is home to 22 foreign-invested projects worth 350.3 million USD.
Japan and the Republic of Korea together account for 19 projects, including a 75 million USD automobile part factory invested by Nissin and a 36 million USD aluminium plant of Almine group.
Most recently, HNT Vina Co. Ltd., from the RoK, officially opened a 20-million-USD factory that manufactures built-in cameras for mobile phones in the beginning of this month. The facility has a capacity of of 180 million units per year and employs 2,000 labours.
Park Seong Kon, General Director of HNT Vina factory, said Hoa Binh is a good choice for investment, where his business received great help from the authorities in terms of investment procedures, infrastructure and human resources.
Hoa Binh is working to improve its governance ability and competitiveness in order to continue to draw foreign direct investment (FDI).-VNA
Hoa Binh benefits from foreign-invested projects Related image(s)
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