Lac Thuy district attracts investment in socio-economic development

9/12/2023 - 11:38:12 AM

(HBO) - In recent times, Lac Thuy district of Hoa Binh province has effectively implemented policies on investment incentives and administrative reform, helping lure investment in tourism and industrial clusters.

Ha Linh Trading and Investment JSC (Phu Thanh II Industrial Cluster, Lac Thuy) has created jobs for many local labourers.

Huong Binh cable car project in Phu Nghia commune, invested by Pacific Corporation, is a key one in Hoa Binh province. It links Huong Son Pagoda, a special national relic site in Hanoi’s outskirts district of My Duc, with Tien Pagoda in Phu Nghia commune, Lac Thuy district. The project is expected to bring new tourism products and contribute to local and regional socio-economic shifting.

Lac Thuy is now home to 68 investment projects with total registered capital of approximately 47.73 trillion VND (1.98 billion USD), of which 35 have been put into operation.

Its clear view is that industrial development must go in parallel with environmental protection and sustainable development.

The district has also put in place policies and regulations of the Party, the State, and the province to encourage investment, creating momentum and breakthroughs in industrial development.

There are five industrial clusters in Lac Thuy, of them three became operational, attracting 19 investors with combined capital of 1.4 trillion VND.

Nguyen Van Hai, Chairman of the People's Committee of Lac Thuy district, said to attract more investment, the district will upgrade its infrastructure towards harmony and modernity.

More attention will be given to land clearance and personnel training, he said, adding that the district will effectively use capital sources to accelerate economic restructuring and improve people’s living standards.

Hoa Binh’s economy expands 12.67% in Q1

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%.

Lac Thuy district advances agriculture in tandem with new-style countryside development

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.

“A 4.0-Era Farmer Championing Green Agriculture”

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.

Rich and Flavorful Honey of Dao Village

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.

Lac Thuy district prioritises resources for industrial, handicraft development

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.

Phu Thanh implements organic practices in tea production

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.