(HBO)- Son Thuy joint Stock Company is one of not many effective enterprises producing and trading wood products in the province, creating a stable and sustainable development.

In 2018, Son Thuy joint Stock Company paid 20
billion VND to the State budget, creating jobs for 200 employees with an
average income of 5.5 - 7 million VDNa person every month.
Mr. Nguyen Xuan Thuy, the director of Son
Thuy joint Stock Company said that in 2006, the company built a wood and forest
product processing factory in Denh hamlet, Dan Hoa commune, Ky Son district.
The company has been investing tens of billions VND into machines and equipment
to expand the factories. All production processes are strictly controlled
towards the goal of producing the best quality products, building a reputation
and brand name in the market.
The company always takes care of building and
improving the working environment, ensuring the regimes for employees such as
paying insurance, health insurance. The company regularly organizes holidays,
takes care of the employees’ material and spiritual life to create a motivating
and joyful atmosphere, striving to complete the production and business
targets. From 2006 - 2014, the company succeeded in producing pressed wood,
outdoor tables and chairs, which were mainly exported to European countries.
In 2014, the company continued to invest in
producing film plywood and sawn timber, which were mainly exported to other
countries to be used as wood pressed ceilings and concrete base for the
construction of high-rise buildings. The company always accomplishes the annual
production and business targets, maintaining a stable and sustainable growth.
Currently, the company has had 2 wood - manufacturing factories. In 2018, the
company’s revenue is 450 billion VND, maintaining a stable job for 200
employees with an average income of 5.5 - 7 million VND / person / month. In
the last 2 years, the company paid an average of 20 billion VND a year to the
State budget, accounting for about one-third of the State budget of Ky Son
district. It is the leading enterprise to remit the State budget in the area.
In the near fuure, the company is considering to expand another wood producing
factory in Mong Hoa commune, Ky Son district.
Up to now, the company's area of
afforestation is about 5,000 hectares in Luong Son, Ky Son, Yen Thuy and Lac
Thuy districts.
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.
Amid efforts to streamline the administrative apparatus, Hoa Binh province has intensified measures to address challenges in land clearance, resettlement support, and infrastructure investment, aiming to speed up the progress of key projects.
Hoa Binh province has posted an unprecedented economic growth rate of 12.76% in the first quarter of 2025, marking its highest quarterly performance to date and positioning it as the second fastest-growing locality in the country, trailing only Bac Giang province.
Under current regulations, products in the One Commune – One Product (OCOP) programme that are rated three stars or higher must undergo re-evaluation every three months. However, in reality, some of these products fail to consistently meet the required standards, raising concerns about the sustainability of their OCOP certification. This underscores the urgent need for producers to enhance product quality and gradually develop their OCOP products into strong, marketable brands.