(HBO) – Luong Son Industrial Park, with its favourable location and complete infrastructure system, has been a bright spot in domestic and foreign investment attraction, making important contributions to the sustainable transformation of the economic structure in Luong Son.
Esquel Vietnam Ltd in Luong Son IP has created jobs for about 5,000 labourers.
Among the successful enterprises in Luong Son IP is Japanese-funded Nissin Manufacturing Vietnam Ltd., which was established in 2012 to produce motorbike spare parts for Yamaha Motor Vietnam.
Nissin Manufacturing Vietnam’s Administrative Director ShingoTanaka said that since the firm was put into operation, it has received great support from the local administration. In 2021, the firm’s revenue reached 459 billion VND (19.75 million USD), creating jobs for more than 200 labourers, he said.
Meanwhile, Esquel Group’s garment factory in Luong Son IP, one of the first projects in the IP with an investment of about 28 million USD, had enjoyed an export revenue of 17.63 million USD in the first four months of this year, employing about 5,000 labourers.
HNT Vi Na, which is Coasia CM ViNa now, is also another successful firm in the Luong Son IP, with an export revenue of about 28.97 million USD in April and nearly 90 million USD so far this year, providing jobs for 2,300 labourers.
So far, the Luong Son IP has hosted 41 projects, including 18 invested by investors from Japan, the Republic of Korea and India, with a total investment of nearly 300 million USD, along with 23 domestically-invested projects worth over 1.2 trillion VND.
Leaders of the Management Board of Hoa Binh IPs said that the majority of enterprises based in Luong Son IP has operated effectively, contributing to the economic restructuring process of Luong Son district./.
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.
