(HBO) – Since the start of 2022, the Hoa Binh provincial People’s Committee has ordered relevant departments, sectors, and localities to mobilise resources for developing infrastructure at industrial parks (IPs) and industrial clusters; accelerate site clearance for the Yen Quang, Mong Hoa, Lac Thinh, and Nhuan Trach IPs; and step up administrative procedure reform and IT application so as to create favourable conditions for investors.
The GGS Vietnam Co. Ltd, based in the Da
River Left Bank Industrial Park in Hoa Binh city, has taken flexible moves to
cope with the pandemic and boost production and business activities, thus
ensuring stable jobs for employees.
IPs in Hoa Binh province are currently home to
104 valid projects, including 27 foreign direct investment projects worth
527.35 million USD and 77 domestic ones worth almost 11.1 trillion VND (485.5
million USD).
In the first quarter of 2022, businesses based
in local IPs earned 4.96 trillion VND in revenue, up 13 percent year on year
and equivalent to 25.3 percent of this year’s target. They created new jobs for
100 workers.
For 2022, the Hoa Binh IP management board
targets 10 new investment projects to be attracted, revenue of businesses there
hitting 19.6 trillion VND, and export value reaching 720 million USD./.
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.
