(HBO) - According to the Provincial Industrial Zones Authority, the province's industrial parks have attracted 88 investment projects. In which, there are 24 foreign direct investment projects with registered capital of USD 565.98 million and 64 domestic investment projects with registered capital of over VND 7,044 billion. Currently, 50 projects have gone into production and business activities.
In which, there are 24 foreign direct investment projects with
registered capital of USD 565.98 million and 64 domestic investment projects
with registered capital of over VND 7,044 billion. Currently, 50 projects have
gone into production and business activities.
In April 2019, the production and business results of enterprises in
industrial zones were quite favorable. Revenue is estimated at 45 million USD
(accumulated from the beginning of the year is 181.81 million USD) and 100
billion VND (accumulated from the beginning of the year is 369.55 billion VND).
Export value reached 43 million USD (accumulated from the beginning of the year
is 170.02 million USD.
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.
