(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./.
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.
