The infrastructure development and construction project for Nhuan Trach Industrial Park (IP), spanning a total area of 213.68 hectares across Nhuan Trach and Cu Yen communes in Luong Son district, officially broke ground on January 10.
With a total investment of over 2.38 trillion VND (93.75 million USD), the project is developed by Hoa Phu - Hoa Binh Co., Ltd., a subsidiary of Phu My Group, which has successfully invested in multiple industrial zones and clusters in Hanoi and neighboring provinces. The Hoa Binh project is expected to become a destination of success for investors.
The road from National Highway 6 to Nhuan Trach Industrial Park (Luong Son district) is nearing completion.
The park is located in Luong Son district, a dynamic economic hub of Hoa Binh province, about 35 km from Hoa Binh City, 45 km from Hanoi, 60 km from Noi Bai International Airport, and 150 km from Hai Phong Port.
Luu Quoc Khanh, Deputy General Director of Hoa Phu - Hoa Binh Co., Ltd., said company is accelerating the construction of key infrastructure components at the park, which is expected to attract projects in precision engineering, textile-garment, electronics, pharmaceuticals, food processing, woodworking, and packaging printing, using high, green technologies.
Once operational, it would generate up to 30,000 direct jobs and approximately 10,000 indirect jobs through commerce and services, benefiting labourers in the locality and neighboring provinces. In addition to tax incentives, the provincial People’s Committee has committed to supporting businesses with recruitment and training.
Hoang Van Bay, Vice Chairman of the Nhuan Trach commune People’s Committee, said the commune will enhance coordination with relevant agencies in the district to promote vocational training for rural workers, ensuring a skilled workforce for businesses in the industrial park while also generating job opportunities for local residents.
The provincial People's Committee has paid due heed to investment in the transportation infrastructure and power system to facilitate the park’s operation. Currently, the construction of the road from National Highway 6 to the park is being expedited. With these favourable conditions, the park is expected to begin attracting secondary investors by mid-2025.
The steering committee for key projects of Hoa Binh province convened on May 14 to assess the progress of major ongoing developments
A delegation of Hoa Binh province has attended the "Meet Korea 2025" event, recently held by the Ministry of Foreign Affairs, the Embassy of the Republic of Korea (RoK) in Vietnam, the Korea Trade-Investment Promotion Agency, and the People's Committee of Hung Yen province.
Hoa Binh province joined Vietnam’s national "One Commune, One Product” (OCOP) programme in 2019, not simply as a mountainous region following central policy, but with a clear vision to revive the cultural and agricultural values in its villages and crops.
From just 16 certified products in its inaugural year to 158 by early 2025, the One Commune One Product (OCOP) programme in Hoa Binh province has followed a steady and strategic path. But beyond the numbers, it has reawakened local heritage, turning oranges, bamboo shoots, brocade, and herbal remedies into branded, market-ready goods - and, more profoundly, transformed how local communities value and present their own cultural identity.
"Behind every One Commune One Product (OCOP)-starred product lies a quietly operating support system: technical staff, experts, trade fairs, and e-commerce platforms. OCOP cannot go far without forward-looking policy support," affirmed Nguyen Huy Nhuan, Director of the Department of Agriculture and Environment of Hoa Binh province.
The economic landscape of Hoa Binh province continued its impressive upward trajectory through the first four months of 2025, according to a recent report from the provincial Department of Finance. The local authority has directed departments and sectors to keep close tabs on growth scenarios for each quarters and remove bottlenecks, striving to complete the set growth targets.
