(HBO) - As all the socio-economic fields are severely hurt by the COVID-19 pandemic, many businesses have halted operations or narrowed down production. FDI firms in Hoa Binh province have been striving to overcome the challenges by prioritising disease prevention while applying measures to mitigate the impact of the pandemic.
They have also capitalised on chances for quick recovery and
to bolster production, contributing to the provincial socio-economic development.

Sankoh Vietnam has created stable jobs for over 500
labourers in Lac Son district thanks to expanding production scale.
After six years of operation at Luong Son industrial park,
Coasia CMVINA, a company invested by the Republic of Korea, is creating stable jobs
for 2,300 workers with a monthly income of about 8 million VND per person.
The firm earned 200 million USD each year from exports,
accounting for one-third of Hoa Binh’s export values. It specialises in
producing camera for Samsung smart phones, with production materials being transported
by air.
However, international flights have been frozen in the past
three months due to COVID-19, causing losses of 40 percent to the company in
its output compared to the same period last year.
Despite difficulties, the firm has effectively carried out
dual targets of battling the pandemic and maintaining operation. At the moment,
it is recruiting additional 500 workhands to expand production scale.
The firm still faces double obstacles in material shortage
as well as consumption and exports. To rise over the challenge, it has taken
initiative in seeking the supply of material and new technologies, ensuring
environmental protection and medical services towards achieving a year-on-year
growth of 20 percent.
Sankoh Vietnam, a Japan-invested firm at the industrial park
on the left bank of the Da River, has generated stable jobs for 1,150 local
workers. Its main products include sensors in household appliance of
automobile’s air conditioners, refrigerators, air conditioners and batteries.
The firm has strived to maintain operation and social
welfare activities, such as arranging pickup vehicles and childcare services
for workers. It also opened a new factory in Lac Son district to expand production
and create more jobs for local people./.
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.