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%.
Hoa Binh province’s economy posted an impressive Gross Regional Domestic Product (GRDP) growth rate of 12.67% in the first quarter of 2025, representing a 12.76% year-on-year increase, the highest rate recorded since the beginning of the current tenure, according to the provincial Statistics Office. This robust growth reflects years of strategic groundwork and sets a strong foundation for the province’s annual growth target of over 10%.
With a focus on cash crop farming with science - technology application and brand building, Lac Thuy district is gradually increasing production value, improving people's life quality, and laying the foundation for sustainable socio-economic development.
In recent years, the economic development model "Hoa Binh Earthworm Farm” run by Mr. Bui Van Dang in Co Giua Hamlet, My Thanh Commune (Lac Son district) has not only brought stable economic value but it is also environmentally friendly, helping to protect and reduce pollution, contributing to the construction of a green and sustainable agriculture.
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
