(HBO) – Since the beginning of this year, Hoa Binh province’s authorities have approved 76 investment projects which register to use over 1,300 hectares of land.
Those include five foreign direct investment (FDI) projects, with a combined registered capital of 34 million USD and 71 domestic projects with a total combined capital of 4,985 billion VND (219.6 million USD).
Japanese
Sankoh Vietnam Company’s Branch operates effectively at an industrial park on
the left bank of Da river, providing jobs for hundreds of local labourers.
The
province has decided to revoke investment licenses of 23 domestic projects,
allowed 41 projects to extend their schedule, and adjusted investment
registration certificates of 25 others.
To
date, Hoa Binh is home to 495 projects, including 35 FDI projects worth 505
million USD, covering 1,000 hectares of land and 460 domestic ones with a
combined registered capital of over 65.15 trillion VND (2.87 billion USD)./.
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.
