(HBO) - To carry out the district’ resolution on investment attraction, the whole local political system has taken concrete measures. As a result, Lac Thuy now accommodates 53 investment projects totally worth nearly 18 trillion VND (776.9 million USD), mostly in such potential sectors as industry, agriculture, tourism and services. Twenty-nine projects or 54.7 percent of the total have been put into operation, and the rest are being carried out on schedule.
Home to charming landscapes, Lac Thuy district is a magnet for investors
in tourism and service sectors.
Some key projects are expected to help make
breakthroughs in economic restructuring such as the Xuan Thien lime and calcium
carbonate powder factory worth 8 trillion VND in Yen Bong commune; the Huong
Binh cable car project worth 676 billion VND in Phu Nghia commune; the
spiritual tourism site worth over 3.1 trillion VND in Phu Nghia; and the
sports, culture, entertainment, resort and eco-tourism complex in Dong Tam
commune.
To attract investment, authorities of Lac Thuy
have actively approached and assisted investors to tackle difficulties and
facilitated their projects. The district’s People’s Committee has issued a plan
on business climate improvement in which it assigns relevant agencies to step
up administrative reforms and site clearance, and help investors complete
investment procedures and implement their projects on schedule.
Lac Thuy has made use of central agencies’
support and mobilised other resources for developing infrastructure, especially
in the Dong Tam and Phu Thanh industrial parks, to promote its investment
attractiveness. The district has also worked hard to invite more investment to
potential fields and those it has strength in, solve obstacles to site
clearance in key projects, press on with administrative reforms, and create the
best possible conditions for project implementation./.
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.
