(HBO) – Recently, Luong Son district of Hoa Binh province has continued to improve the investment environment, attracting investors to conduct surveys and make investment proposals.
The district has so far attracted 23 foreign direct investment (FDI) projects with total registered capital of over 307 million USD, accounting for 58.9% of the total projects and 49.8% of the registered capital of the province.
In addition, there have been 183 domestic investment projects worth over 31 trillion VND (1.2 billion USD), accounting for 29.2% of the province's projects and 28.8% of its registered capital.
In the first nine months of this year, local authorities gave in-principle approval to two projects with total capital of over 6 trillion VND.
In the reviewed period, the estimated value of industrial and handicraft products of the district reached 73.09% of the 2023 plan, which are valued at about 19.4 trillion VND, up 19.67% over the same period last year.
The district's total export value was estimated to hit 457 million USD, which is equivalent to 62.6% of the year's plan, a year-on-year increase of 15.4%.
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.
