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.
In Lac Thuy district, communes have been succeeded in promoting their One Commune-One Product (OCOP) products while others are still struggling to position their typical farming products in market. Some communes in the district still fail to have their products met OCOP programme’s requirements, while others have seen their certifications expired.
The inspectorate agency of Hoa Binh province has issued Official Dispatch No. 1090/TTr-PCTN to provincial departments, agencies, localities, business associations, enterprises, and investors regarding measures to improve informal component indexes of the Provincial Competitiveness Index (PCI).
Hoa Binh is taking concrete steps to improve its investment environment, with a strong focus on supporting businesses, settling obstacles for strategic investors, and creating opportunities for robust development in the coming years.
Under the blazing early summer sun, the construction site of Nhuan Trach Industrial Park (IP) in Luong Son district is abuzz with activities from dawn to dusk, a testament to the determination of the investor to meet their construction targets on schedule.
