(HBO) - Luong Son district in Hoa Binh province has taken numerous measures to improve the business environment and support enterprises and investors.
Transon Vietnam Limited Company at Luong Son Industrial
Zone generates jobs for local labourers.
Over the past five years (2015-2020), the
district has seen 450 new enterprises and 52 new co-operatives, and 1,128
business households formed or registering to change their business. It has also
finished the shifting and consolidated operations of agricultural co-operatives
following the 2012 Cooperative Law.
To date, Luong Son has had 916 businesses
and co-operatives and 2,924 business households, doubling from those in 2015.
The district has so far attracted 182
investment projects, accounting for 32.1 percent of the province’s total
number. Of the total, there are 23 FDI projects (60.5 percent of the province’s
total), and 159 domestic ones, with combined capital of 298.9 million USD and
13.8 trillion VND, respectively.
Production and business projects have
contributed to the district’s sustainable economic structure shifting./.
In recent times, Hoa Binh province has shown its determination and high sense of responsibility in seriously implementing the directives of the Party Central Committee and its Politburo and Secretariat regarding the streamlining of the political system’s organisational apparatus and the development of a two-level local administration system. The aim is to build a commune-level administration that is close to the people, attentive to their needs, and capable of quickly responding to the demands of both businesses and citizens, while also opening up new development spaces.
Over the past three years, the northern mountainous province of Hoa Binh has begun redefining its position on Vietnam’s service landscape with a series of distintive commercial models, from highland night markets, pedestrian-friendly streets, to logistics centres tied to local agricultural products.
Hoa Binh city has marked a significant step in sustainable forest management as nearly 1,450 hectares of its plantation forests have been granted Forest Stewardship Council (FSC) certification, an international standard required to access major wood markets such as the EU, the US, and Japan.
Construction on the Xuan Thien Hoa Binh lime and light powder factory in Yen Bong commune, Lac Thuy district - a key project of Hoa Binh province - started on April 24.
Hoa Binh city is transitioning to modern and sustainable agriculture by leveraging its natural advantages to efficiently develop crop cultivation and animal husbandry. The city is applying scientific and technical advancements to farming, processing, and distribution while expanding export markets, significantly increasing production value and incomes for farmers.
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%.
