(HBO) – During the 15 years of its development, the Hoa Binh Management Board of Industrial Parks (IPs) has boosted the state management of IPs, stepped up investment attraction, and developed industrial zones and sectors.
Head of the IP Management Board Chu Van Thang visits Hoa Binh Koyuseni Knitting
Co. Ltd, based in Da River Left Bank Industrial Park.
Over the last 15 years, the board’s apparatus
has been completed and its personnel quality improved, thus better fulfilling
political tasks and managing local IPs. The board has coordinated with the
provincial Department of Public Security and local administrations to guarantee
security - order and fire prevention and control for businesses based in the
local IPs.
In 2021, despite difficulties caused by the
COVID-19 pandemic, Hoa Binh met and surpassed IP development targets. In
particular, its IPs attracted eight investment projects with registered capital
totalling 6.5 million USD and 315.85 billion VND (13.6 million USD) and
recorded five others raising their capital by 4 million USD and 88.9 billion
VND (3.82 million USD).
Industrial production revenue and value recorded
by businesses in the local IPs were 13.9 percent and 11.2 percent higher than
the set targets; export turnover reached 690 million USD, up 7.8 percent from
2020 and 11.2 percent from the target; and 250 billion VND (10.76 million USD)
was contributed to the State budget, up 25 percent year on year and meeting the
target.
At present, the IPs in Hoa Binh are home to 104
projects, including 26 foreign direct investment (FDI) projects worth 514.78
million USD and 78 domestic direct investment ones with total capital of over
13.57 trillion VND (584.4 million USD).
IP-based businesses are playing an increasing
role in helping the province realise its socio-economic targets. Their export
revenue accounted for 56 percent while industrial production value made up
44.36 percent of the province’s total figures.
Besides, the management board has given advice
about a strategy for developing local IPs and industrial clusters by 2030 to
the provincial People’s Committee. It has worked with authorities to build and
submit some draft projects of the province, including those on IP development.
It has also submitted timely proposals on COVID-19 prevention and control to
the provincial administration so as to curb pandemic transmission and help
IP-based firms sustain operations.
With the achievements obtained over the last 15
years, the board’s officials and staff are exerting efforts to improve their
specialised capacity; work with relevant agencies to develop a fair, open, and
transparent business climate; create optimal conditions for enterprises to
operate fruitfully; assist investors to complete IP infrastructure; and tackle
site clearance obstacles to boost investment attraction, thereby helping to
successfully carry out the resolution of the 17th provincial Party Congress and
contributing to local development./.
According to data from the Hoa Binh Provincial Party Committee, the industrial production index for the first six months of 2025 is estimated to have increased by 20% compared to the same period last year. This marks the highest year-on-year growth rate for this period since 2020.
In the first six months of 2025, Hoa Binh province’s export turnover was estimated at 1.145 billion USD, marking an 18.11% increase compared to the same period in 2024. Import turnover was estimated at $ 804 million, a 17.15% increase, which helped the province maintain a positive trade balance.
The lives of the ethnic minority farmers in Tan Lac district have gradually improved thanks to the new directions in agricultural production. This is a testament to the collective strength fostered through the professional associations and groups implemented by various levels of the district’s Farmers’ Union.
With the motto the "product quality comes first,” after nearly one year of establishment and operation, Muong village’s Clean Food Agricultural and Commercial Cooperative, located in Cau Hamlet, Hung Son Commune (Kim Boi district), has launched reputable, high-quality agricultural products to the market that are well-received by consumers. The products such as Muong village’s pork sausage, salt-cured chicken, and salt-cured pork hocks have gradually carved out a place in the market and they are on the path to obtaining the OCOP certification.
In the past, the phrase "bumper harvest, rock-bottom prices" was a familiar refrain for Vietnamese farmers engaged in fragmented, small-scale agriculture. But today, a new spirit is emerging across rural areas of Hoa Binh province - one of collaboration, organisation, and collective economic models that provide a stable foundation for production.
Maintaining growing area codes and packing facility codes in accordance with regulations is a mandatory requirement for agricultural products to be eligible for export. Recently, the Department of Agriculture and Environment of Hoa Binh province has intensified technical supervision of designated farming areas and packing facilities to safeguard the "green passport" that enables its products to access international markets.
