(HBO) – Hoa Binh City, Luong Son district and the northern part of Lac Thuy district have been set as urban, industrial and dynamic zone of Hoa Binh province.
Hoa Binh City’s transportation and urban
infrastructure basically meet development demand.
The provincial Party Committee and People’s
Committee directed effectively performing the Party and State’s policies and
guidelines on planning work, improving planning quality and management in line
with the law, and completing the provincial planning for the 2021-2030 period
with a vision to 2050.
Located in the dynamic zone, Hoa Binh City
considered it a favourable condition for development. Over the past years, the
city has attached importance to improving the efficiency of using, managing and
upholding resources of the economy, especially socio-economic infrastructure.
At present, the dynamic zone is home to almost
local industrial parks (IPs) and industrial park clusterswith 7 IPs, or
87.5 percent, and 10 IP clusters, or over 60 percent of the total in the
province. Luong Son IP and IP on the left bank of Da River have basically
completed technical infrastructure. Four IP clusters have been put into
operation. Among 635 valid projects in the province, Hoa Binh City accounted
for the most with 203 projects, followed by Luong Son with 198 projects and Lac
Thuy 64. As many as 92.5 percent of projects by forest investors are based in
the dynamic zone, mostly in the fields of processing, electronic spare parts,
construction materials, electricity and water production and distribution.
There are service and tourism projects like Phuong Hoang and Hilltop Valley
golf courses, Thang Thien waterfall tourism area, resorts and garden houses.
The urbanisation rates of Hoa Binh City, Luong
Son district and Lac Thuy district hit nearly 78 percent, 45 percent and 25.45
percent, respectively.
The province estimated that the dynamic zone
contributed about 70 percent of the local State budget revenue, over 90 percent
of export revenue and 70 percent of economic scale of the province. The zone
also recorded the highest income per capita and the lowest rate of poor
households. In Hoa Binh City alone, average income per capita reached 75
million VND in 2021 while the rate of poor households was reduced to 0.97
percent./.
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.
