(HBO) – According to statistics from the Provincial People’s Committee, local industrial zones are home to 102 approved investment projects.
In
recent times, Antona joint-stock Company (Luong Son Industrial Zone) has maintained
stable production, providing employment for many local workers.
Among them, there are 27
foreign direct investment projects with total registered capital at 527.4
million USD and 75 domestic projects with registered investments worth 11,059.5
billion VND. In 2021, the COVID-19 pandemic left a devastating impact on
production. However, the businesses actively made adjustments with flexible
scenarios, maintaining stable production. Accordingly, the turnover from
production and trading activities of the enterprises set to reach 15,800
billion VND, an increase of 0.51% in comparison to last year.
With the aim of intensifying investment promotion, the Provincial
People’s Committee has lately directed the mobilization of all resources,
prioritizing off-budget investment, socializing development investment, and completing infrastructure systems in industrial zones and complexes.
The objective by the year 2050 is to increase the occupancy rate in
well-established industrial zones to over 80% while the total area of
industrial zones and complexes accounts for approximately 1% of the province’s
natural land area.
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.
