The infrastructure development and construction project for Nhuan Trach Industrial Park (IP), spanning a total area of 213.68 hectares across Nhuan Trach and Cu Yen communes in Luong Son district, officially broke ground on January 10.
With a total investment of over 2.38 trillion VND (93.75 million USD), the project is developed by Hoa Phu - Hoa Binh Co., Ltd., a subsidiary of Phu My Group, which has successfully invested in multiple industrial zones and clusters in Hanoi and neighboring provinces. The Hoa Binh project is expected to become a destination of success for investors.
The road from National Highway 6 to Nhuan Trach Industrial Park (Luong Son district) is nearing completion.
The park is located in Luong Son district, a dynamic economic hub of Hoa Binh province, about 35 km from Hoa Binh City, 45 km from Hanoi, 60 km from Noi Bai International Airport, and 150 km from Hai Phong Port.
Luu Quoc Khanh, Deputy General Director of Hoa Phu - Hoa Binh Co., Ltd., said company is accelerating the construction of key infrastructure components at the park, which is expected to attract projects in precision engineering, textile-garment, electronics, pharmaceuticals, food processing, woodworking, and packaging printing, using high, green technologies.
Once operational, it would generate up to 30,000 direct jobs and approximately 10,000 indirect jobs through commerce and services, benefiting labourers in the locality and neighboring provinces. In addition to tax incentives, the provincial People’s Committee has committed to supporting businesses with recruitment and training.
Hoang Van Bay, Vice Chairman of the Nhuan Trach commune People’s Committee, said the commune will enhance coordination with relevant agencies in the district to promote vocational training for rural workers, ensuring a skilled workforce for businesses in the industrial park while also generating job opportunities for local residents.
The provincial People's Committee has paid due heed to investment in the transportation infrastructure and power system to facilitate the park’s operation. Currently, the construction of the road from National Highway 6 to the park is being expedited. With these favourable conditions, the park is expected to begin attracting secondary investors by mid-2025.
After more than four years of implementing a project launched by the Hoa Binh Party Committee’s Standing Board on developing agriculture and promoting product consumption linked with building new-style rural areas for the 2021-2025 period, the province’s industry and trade sector has made significant strides, greatly contributing to local socio-economic development.
Luong Son district has identified 2025 as the year for the accelerated breakthrough to successfully implement the socio-economic development plan for the 5-year period from 2021 to 2025. The district has been focusing on executing the plans and trying to achieve a GRDP growth rate of approximately 15%.
Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.
Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.
Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.
As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.
