In 2024, the industrial and handicraft
production value in Lac Thuy District is estimated at VND 2,176.3 billion, an
increase of 17.8% compared to 2023. Key products include 114 million fired
bricks, 2.12 million garment products, 272.7 thousand tons of processed forest
products, and various other goods such as agricultural products, household
items, mechanical products, and printed materials.
Nakata Vietnam Packaging joint Stock Company,
operating in the Phu Thanh II industrial cluster, Lac Thuy district has created jobs
for many local workers.
The district has five industrial clusters
included in the province's industrial and handicraft development plan, with a
total planned area of 282.25 hectares. Among these, four industrial clusters
have been officially established, covering a total area of 215.86 hectares.
Three infrastructure investors have been selected, with two already approved
(Dong Tam Industrial Cluster and Hoa Binh High-Tech Environmental Industrial
Cluster). Procedures are being finalized to establish the Dong Tam II Industrial
Cluster with an area of 66.38 hectares and a total projected investment of VND
626 billion.
The industrial clusters have attracted 19
secondary investors, covering a total project implementation area of 54.28
hectares, with a total registered investment of VND 1,447.57 billion, achieving
an occupancy rate of 39.7%.
Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.
Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.
The Hoa Binh provincial People's Committee has issued Decision No. 2767/QD-UBND announcing the rankings of departments, agencies, districts and Hoa Binh city in the Public Administration Reform Index (PAR) and the Satisfaction Index of Public Administration Services (SIPAS) in 2024.
The cultivation of Dam Xanh fish (Bangana lemassoni), a unique fish species, has seen remarkable growth in Mai Chau district, thanks to its high economic value and effectiveness. Initially concentrated in Van Mai commune, farming has now extended to four other communes, namely Mai Hich, Mai Ha, Chieng Chau, and Son Thuy. These areas benefit from pristine underground water flowing from mountain crevices, providing ideal conditions for raising this specialty fish.
In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.
In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.