(HBO)- After 5 years of investment in Hoa Binh (2014 - 2018), HNT Vina Co., Ltd in Luong Son industrial zone has created many strong marks in production and business activities, self- believing and raising the position in the business community.


Workers are comfortingly working at HNT Vina Co., Ltd because of the stable income, professional working environment and good remuneration.

HNT Vina Co., Ltd. is 100% Korean invested capital and belongs to CoAsia Group. Hoa Binh, the western gateway of Hanoi Capital, has great advantages in transportation. Hoa Binh has abundant human resources, reasonable labor costs, hardworking workers who are able to absorb technology.

In fact, after 5 years, HNT Vina has had a great development, thereby confirming an effective business strategy when deciding to invest in Hoa Binh. According to the assessment of the management board of the provincial Industrial Zones, HNT Vina factory is a typical foreign investment project which has been successfully implemented the comprehensive results in terms of the investment scale, the production value, the business annual revenue, the quality of human resources as well as the contribution to the local economic and social enterprises.

The project was granted an investment certificate on January 25, 2014 with a total registered investment capital of $20 million equivalent to 420 billion VND. By October 2014, the factory officially went into production. Since then, the company has continuously broken its own record. The revenue of the following year is always higher than that of the previous year and is constantly expanding the scale of production, becoming one of the most successful foreign enterprises operating in Hoa Binh province.

Right in the first year of implementing the project, HNT Vina has achieved turnover of 665 thousand USD. The human resources of about 700 people are professionally trained to have good labor efficiency. In 2015, HNT Vina gradually stabilized the system and personnel, strongly focusing on development of production and business activities. Within a few months after mass production, the entire production scale of the factory rose to 530 thousand products a month with the revenue of nearly 77 million USD in 2015.

In 2018 the human resources increased to nearly 2,000 people, the production scale reached a record of 10 million products a month with the annual turnover of 210 million USD. In particular, on September 13, 2018, HNT Vina officially became the first enterprise in Hoa Binh to be awarded a certificate of high-tech enterprise by the Ministry of Science and Technology.

Also in 2018, HNT Vina is one of 10 typical businesses to receive the certificates of merit from the Hoa Binh provincial People's Committee for their outstanding achievements in business investment activities in the province.

 

Related Topics


Rich and Flavorful Honey of Dao Village

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.

Lac Thuy district prioritises resources for industrial, handicraft development

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.

Phu Thanh implements organic practices in tea production

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.

Hoa Binh works hard to accelerate progress of key projects

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 achieves record-breaking economic growth in Q1

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.

Hoa Binh focuses on building strong OCOP brands for sustainable growth

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.