HBO – By July 15, 2017, industrial parks in Hoa Binh province had attracted 69 projects, including 20 foreign direct investment (FDI) projects with a total registered capital of 421.59 million USD and 49 domestic ones worth 8.23 trillion VND (around 362.6 million USD). Among them, 43 have been put into operation.
In July, these enterprises earned
total revenue of 1.05 trillion VND (46.3 million USD), bringing the total
figure in the first seven months of 2017 to over 7.11 trillion VND (313.5
million USD), equivalent to 59.2 percent of the annual target.
Meanwhile, their total export
turnover was valued at 43 million USD in July and 282.78 million USD during the
January-July period, or 61.74 percent of the annual target.
The enterprises also contributed 15
billion VND to the State budget in the month. The total figure in the
January-July period was 103.5 billion VND, equivalent to 54.8 percent of the
set target.
Japanese wholly-invested Bandai
company generates jobs for hundreds of local workers.
At present, as many as 15,400 labourers
are working in the industrial zones. Enterprises in the industrial zones,
especially FDI firms, have been developing stably, contributing remarkably the
province’s export value and State budget, and generating jobs for local workers./.
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.
