Determining industrial development as a driving force for socio-economic development, Lac Thuy district has stepped up the dissemination work to raise awareness of officials, party members, and people of the policy of forming and developing industrial clusters, while developing resolutions and action programmes, and including them in the local socio-economic development planning on promoting the development of these clusters.
Phu Thanh II Industrial Cluster (Lac Thuy) has an occupancy rate of nearly 87%.
In the district, there are seven industrial clusters included in the province’s master planning for the 2021 – 2030 period, with a vision to 2050, covering a total area of 398.12 hectares. Of the total, five are included in the provincial industrial and handicraft development plan to 2020, with an orientation to 2025, covering a total area of 282.25 hectares. The occupancy rate of Phu Thanh II Industrial Cluster is 86.87%, Thanh Nong Industrial Cluster 52.51%, and Dong Tam Industrial Cluster 30.29%.
To date, the industrial clusters have attracted 19 secondary investors, with a total registered investment of 1.4 trillion VND (56.3 million USD).
To promote investment attraction, the district focuses on completing, upgrading, and renovating infrastructure of industrial parks; investing in the construction of wastewater treatment plants; and reserving areas for planting trees. It also recommends authorities of all levels to prioritise licensing for investors with appropriate advanced technology and production sectors with little impact on the environment. At present, the construction of a wastewater treatment plant at Phu Thanh II Industrial Cluster has been completed.
Nguyen Van Hai, Chairman of the district People's Committee, said that in attracting investment to industrial clusters, Lac Thuy has a support policy for enterprises investing in high technology in production and business, and helps train human resources to meet the needs of enterprises. It also encourages businesses to employ local workers, diversify training forms, and link vocational training with job creation; while organising technical training for labourers, especially giving priority to members of households whose land is subject to land recovery for industrial development, helping them have stable incomes and ensure their lives.
In the coming time, the district will continue to implement concerted solutions to attract investment, maximise the support of the central and local administrations to complete the infrastructure system, and build and apply technical barriers in the process of reviewing and deciding on new projects with the aim of attracting quality investment, in line with the orientation of economic structure and industrial cluster infrastructure.
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.
