Business cooperation between Vietnam and Belarus will be further developed following trade deals inked between the two sides in the northern province of Hung Yen on March 29 in the presence of Belarusian Deputy Prime Minister Vladimir Semashko.
Trucks assembled in MAZ Asia
joint venture. (Photo: maz.by)
A US$60 million deal on supplying trucks and specialised cars
and memorandum of understanding on establishing a dairy plant in the province
were signed on the day.
joining in free trade agreements has
opened up opportunities for collaboration between the two countries, Deputy PM
Semashko said, recommending that Belarus
and Vietnam
should set up more joint ventures based on the principal of mutual benefits.
The Belarusian Government chose Hung Yen
as the location for MAZ Asia joint venture to manufacture and assembly
automobiles and the dairy plant, he said, adding that it is considering the
construction of a bus assembling factory in the province.
Secretary of the provincial Party
Committee Do Tien Sy lauded Belarus’s
socio-economic achievements, especially in automobile industry, agriculture and
dairy and farm produce processing, expressing his hope that Belarus will
land more high-tech projects in the province to boost its development.
Meanwhile, Chairman of the provincial
People’s Committee Nguyen Van Phong said that the province is focusing on
developing infrastructure and industrial parks to lure more investments.
Currently, the province is home to 11
industrial parks, accommodating over 1,700 domestic and foreign projects, he
said.
Phong suggested the Belarusian side
invest in a fertiliser plant in the province while creating favourable
conditions for Hung Yen to ship its agricultural products to the nation.
Hung Yen will create optimal conditions
and adopt preferential policies so that Belarusian projects can become
operational soon, he stressed.
On the occasion, Deputy PM Semashko and his
working delegation visited the factory of MAZ Asia joint venture, which is under
construction in Kim Dong district.
Source: NDO
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.
