The Management Board of Hoa Binh Industrial Parks has defined the enhancement of quality of local industrial parks (IPs) as one of the key solutions to attract secondary investors. Currently, Hoa Binh has eight IPs with a total planned areas of over 1,507 hectares, two of which have had complete technical infrastructure system. Many IPs have seen high occupation rate, including Luong Son IP with 100%, Da River Left Bank IP 91.53%, and South Luong Son IP 60.08%.
Construction of the road connecting National Highway 6 to Nhuan Trach industrial park in Luong Son district is being sped up.
This year, along with investing in necessary infrastructure works in local IPs, the board has designed planning for the construction of five IPs and sped up construction and ground clearance for the projects.
In 2023, the total investment in the construction of infrastructure system in local IP has reached over 700 billion VND (28.83 million USD) including about 600 billion VND from investors.
According to leaders of the board, so far, many infrastructure works have been on good process. The Da River wastewater treatment plant has completed and will be put on testing operation, while the ground clearance for the construction of a road to Yen Quang IP has finished. A road connecting Hoa Lac – Hoa Binh Expressway with Yen Quang IP has accepted the payment volume of over 50% of the assigned capital plan. At the same time, a project to build intersections and feeder roads in Lac Thinh IP is on a right track.
The board has also worked on the planning of eight additional IPs in Yen Thuy, Luong Son, Lac Son, Da Bac, Tan Lac district and Hoa Binh city with a total area of nearly 2,238 hectares.
Currently, the rate of operating IPs with standardised concentrated wastewater treatment system has reached 75%. The cleared area for investors is over 119 hectares, exceeding the plan by 8.4%.
Along with infrastructure development, the board has concentrated on improving the business environment and strengthening administrative reform and investment attraction.
Director of the board Chu Van Thang said that it has held regular meetings with businesses in local IPs to deal with their difficulties and gather their opinions.
As of the end of October, the board had reported four new projects worth 89.5 billion VND in local IPs, while an additional 89.92 billion VND was poured into operating projects.
To date, local IPs have attracted 109 projects, including 25 FDI firms with combined capital of 519.33 million USD. Businesses in the IPs reported a revenue of over 22 trillion VND and export value of 775 million USD, paying 250 billion USD to the State budget and creating jobs for more than 1,700 labourers.
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.
