With a rise in number and improvement in production and business efficiency, companies, cooperatives, and business households in Lac Son commune have made important contributions to the transformation of economic structure and economic growth of the locality, creating jobs, joining hands in dealing with social issues, and helping increase State budget collection of the district.
Lac Son Electronics Co., Ltd. in Muong Voi street, Vu Ban town
of Lac Son has created jobs with stable income for 800 labourers.
Specialising in processing plastic products, Lac Son Electronics Co., Ltd with
two factories in Moi village of Van Nghia commune and Muong Voi street of Vu
Ban town has created jobs for more than 1,200 labourers, mostly locals.
Director Ha Thi Minh said that her company has received great support from the
local administration. The company has shown strong performance in implementing
its obligations to the State and labourers as well as in social welfare
activities, thus winning strong confidence from workers.
Nhung Van company, specialising in producing turmeric starch, was developed
from a business household. Bui Van Nhung, owner of the facility, said that
recognising the potential of the product and receiving good feedback from
customers, the firm has researched for more products and enhanced the quality
of its products to meet customers’ demands. The firm’s products have been
certified as four-star by the One Commune-One Product (OCOP) programme.
The company’s material region has been expanded, enabling local farmers to earn
60-75,000 million VND (2,421-3,026 USD) per hectare, said Nhung.
Statistics show that currently, Lac Son is home to 139 operating enterprises,
including 46 in the field of construction, 38 in trade, 11 in service, 30 in
manufacturing, seven in agriculture, and six in transport. The firm have
created jobs for more than 5,000 labourers.
Outstanding businesses include Lac Son Toys Co. Ltd., which is employing more
than 1,600 labourers, Thien Dieu Co. Ltd. with 800, and Lac Son Electronics
Co., Ltd. with 800.
Meanwhile, the district has 60 cooperatives with nearly 730 members, creating
jobs for 840 labourers, along with more than 5,700 business households. They
have paid about 4 billion VND (161,322 USD) to the State budget.
Bui Van Linh, Chairman of the People’s Committee of Lac Son, said that local
companies, cooperatives, and business households have made great contributions
to socio-economic development in the district, while actively engaging in
social welfare activities.
Last years, they paid 41.7 billion VND to the State budget, accounting for
40.8% of the district’s total collection. They have also helped improve the per
capita income of the district, which has reached 60.3 million VND per year.
Linh affirmed that the district will continue creating favourable conditions
for local companies, cooperatives, and business households to develop, while
designing support policies for them and assisting them in deal with
difficulties, and speeding up administrative reform.
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.
