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.
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.
Amid efforts to streamline the administrative apparatus, Hoa Binh province has intensified measures to address challenges in land clearance, resettlement support, and infrastructure investment, aiming to speed up the progress of key projects.
Hoa Binh province has posted an unprecedented economic growth rate of 12.76% in the first quarter of 2025, marking its highest quarterly performance to date and positioning it as the second fastest-growing locality in the country, trailing only Bac Giang province.
Under current regulations, products in the One Commune – One Product (OCOP) programme that are rated three stars or higher must undergo re-evaluation every three months. However, in reality, some of these products fail to consistently meet the required standards, raising concerns about the sustainability of their OCOP certification. This underscores the urgent need for producers to enhance product quality and gradually develop their OCOP products into strong, marketable brands.
