In 2024, the industrial and handicraft production value in Lac Thuy District is estimated at VND 2,176.3 billion, an increase of 17.8% compared to 2023. Key products include 114 million fired bricks, 2.12 million garment products, 272.7 thousand tons of processed forest products, and various other goods such as agricultural products, household items, mechanical products, and printed materials.
Nakata Vietnam Packaging joint Stock Company,
operating in the Phu Thanh II industrial cluster, Lac Thuy district has created jobs
for many local workers.
The district has five industrial clusters included in the province's industrial and handicraft development plan, with a total planned area of 282.25 hectares. Among these, four industrial clusters have been officially established, covering a total area of 215.86 hectares. Three infrastructure investors have been selected, with two already approved (Dong Tam Industrial Cluster and Hoa Binh High-Tech Environmental Industrial Cluster). Procedures are being finalized to establish the Dong Tam II Industrial Cluster with an area of 66.38 hectares and a total projected investment of VND 626 billion.
The industrial clusters have attracted 19 secondary investors, covering a total project implementation area of 54.28 hectares, with a total registered investment of VND 1,447.57 billion, achieving an occupancy rate of 39.7%.
No success is easy, especially for a mountainous province like Hoa Binh, which still faces many difficulties. In the process of economic restructuring, the locality encounters various challenges, ranging from weak infrastructure, ineffective investment attraction, to barriers in awareness. However, it has taken effective solutions to overcome obstacles hindering economic development.
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