(HBO) – Some 74 projects have been landed at industrial parks in Hoa Binh province, 22 of which are foreign direct investment with (FDI) total registered capital of 438.41 million USD and 52 domestic ones worth more than 7.89 trillion VND.
By the end of Quarter 1, local enterprises generated
jobs for 16,144 labourers.
Photo: The Transon company of the Republic of Korea has created jobs for 1,000
workers.
In the first quarter of this year, businesses in
industrial parks earned over 2.479 trillion VND in revenue. They pocketed
103.59 million USD from export and contributed 31.58 billion VND to the state
budget. Some 16,144 labourers get employed at the firms.
The management board of the local industrial parks has joined hands with
relevant departments, branches and authorities to remove bottlenecks and
attract investment in the parks’ infrastructure. It also pays due attention to
trade promotion to lure high added value projects, contributing to the
province’s sustainable economic restructuring./.
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.
