HBĐT) – the project of road No. 433 – directing Hoa Binh city to Da Bac district, is an important project of province. Over 6 years of deploying, the project have not yet been accomplished and the contract must be extended to December 2018. The reason that the project fell behind schedule is because of a lack of funds and entanglements in processing site clearance.

From km 1+670 to km 1+900, the length = 230
meters, there are four households addressing in May No. 4 hamlet, Hoa Binh
commune (Hoa Binh city). Although they had received full compensation of site
clearance and late payment interests, until now they have not yet handed over
the site for the construction teams.
The project of renovating and upgrading road
No. 433, particularly in a route from km 0 to km 23, was approved by People’s
Committee of Hoa Binh Province in Decision No. 2530/QĐ-UBND on 31stDecember 2010 and was allowed to adjust in Decision No.1161/QĐ-UBND on 27thAugust 2012 with the total length of route designing to 18,9 km, starting point
is km 0 at Huu Nghi ward (Hoa Binh city), and ending point is km 23+00 at Cao
Son commune (Da Bac district). The total amount of investment is 988 billion
VND ( including 691,3 billion VND for building; 35,9 billion VND for consulting
fees and others; 62 billion VND for the cost of site clearance and 199 billion
VND for contingencies). At the moment, the total capital is 578,5 billion VND
and has been disbursed completely.
Project Management Unit of Transport
Construction Works plans to perfect the ground, road surface and drainage
system on the route from km 0 to km 9+900 by 31st December 2018 in order to hand over for developing
and using. Now, the process of site clearance faces some difficulties and
entanglements which affect the construction progress.
Following the plan, the route from km 0 to km
9+900 has to be completed and come into operation in 2018. Project Management
Unit of Transport Construction Works proposed People’s Committee of Hoa Binh
Province to allocate for advancing budgetary resource, capital and other
equities with the total money of about 127,5 billion VND, aiding the
contractors building. In the process of site clearance, the relevant local
authorities are requested to focus on completing construction of resettlement
areas and finishing site clearance totally in order to hand over for
construction teams which will develop the rest parts as planning.
On 12th April of auditing date,
Chairman of the provincial People's Committee, Mr. Van Quang Nguyen, asserts
the Hoa Binh city and Da Bac district authorities to concentrate on resolving
site clearance conclusively, which
facilitates the contractors to organize
construction and strive for accomplishing project in December 2018.
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.