(HBO) – At the end of 2018, industrial parks in the northwestern province of Hoa Binh were home to 87 projects, including 23 foreign direct investment (FDI) ones with a combined registered capital totalling 605.4 million USD and 64 domestic projects capitalised at 7.25 trillion VND (312.9 million USD).
Currently, 16 out of the 23
FDI projects are operating well.
The Transon company in the Luong Son Industrial Park generates
jobs for 1,000 workers.
In 2018, FDI projects
earned about 614 million USD in revenue and 596 million USD in exports, and created
stable jobs for 15,700 labourers. Meanwhile, their import values stood at 502
million USD and the projects contributed 4.33 million USD to the State budget.
All figures recorded surges of 110-126 percent year-on-year.
Hoa Binh province has
launched solutions to address difficulties in production and , as well as
provided refresher courses for local workers. The province also bolsters
infrastructure investment and prepares land to attract investment and support
prompt and efficient operation of businesses, thereby contributing to stable
job creation, State budget collection and sustainable economic restructuring of
the locality./.
After more than four years of implementing a project launched by the Hoa Binh Party Committee’s Standing Board on developing agriculture and promoting product consumption linked with building new-style rural areas for the 2021-2025 period, the province’s industry and trade sector has made significant strides, greatly contributing to local socio-economic development.
Luong Son district has identified 2025 as the year for the accelerated breakthrough to successfully implement the socio-economic development plan for the 5-year period from 2021 to 2025. The district has been focusing on executing the plans and trying to achieve a GRDP growth rate of approximately 15%.
Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.
Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.
Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.
As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.
