(HBO) – Da Hop joint Stock Company has agreed to provide 1.5 hectares of land for Diostech Co., Ltd from the Republic of Korea to build a factory on manufacturing electronic components for digital cameras and cell phones at Da River Left-Bank Industrial Zone in Hoa Binh city.
A land leasing agreement was signed by the two companies’ representatives in July.
Workers of GGS Co., Ltd, in Da River Left-Bank Industrial Zone, work at a garment product for export production chain.
The facility has an investment of 20 million USD, expected to create jobs for hundreds of local residents and giving a bright outlook for the province’s industrial development.
According to Diostech, the firm has operated a factory in Vinh Phuc and selected Da River Left-Bank Industrial Zone to locate the new facility as it has developed infrastructure, reasonable lease rates together with competitive source of skilled workers in comparison with other cities and provinces.
The industrial park is home to many foreign enterprises, including Japan’s producer of lenticular lens Sanko and GGS from the Republic of Korea.
Meanwhile, Luong Son Industrial Park has more than 10,000 workers with an occupancy rate reaching 90 percent.
Luong Son district now has three industrial zones, including 83-ha Luong Son, 200-ha Nam Luong Son and 213-ha Nhuan Trach industrial parks.
The Nam Luong Son IP has cement plants Trung Son and Vinh Son and a vocational training school with an occupancy rate of 48 percent.
The district has lured 17 foreign direct investment projects so far with a total investment of more than 280,500 USD, accounting for 53 percent of the province’s FDI. Some 478 domestic companies have been established in the province, registering a total capital of 9.18 trillion VND, making up 20 percent of the province’s firms.
Industrial Production Index of Hoa Binh increased 9.69 percent year on year in the first half of 2017, said Director of the provincial Department of Industry and Trade Vu Mai Ho. Industrial production earned the province nearly 13.47 trillion VND, up 15.91 percent from the same period last year and fulfilling 50.16 percent of the yearly target. Processing industry has seen the biggest growth during the period due to stable prices of input materials.
Several industrial producers, for example, of sugar and starch, have recovered their operations after a period of suspension.
Hoa Binh has zoned off eight areas for industrial parks, covering a total area of 1,672 hectares. By 2020, the province plans to have 21 industrial clusters with a total area of 663 hectares./.
Once a mountainous province facing many challenges, Hoa Binh has, after more than a decade of implementing the national target programme on new-style rural area development, emerged as a bright spot in Vietnam’s northern midland and mountainous region. In the first quarter of 2025, the province recorded positive results, paving the way for Hoa Binh to enter a phase of accelerated growth with a proactive and confident mindset.
Hoa Binh province is steadily advancing its agricultural sector through the adoption of high-tech solutions, seen as a sustainable path for long-term development.
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.
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