Vu Thi Hop, Chairwoman of the Da Hop JSC – investor of the Da River Left Bank Industrial Zone in Hoa Binh province, said the company did not only invest hundreds of billions of VND in developing infrastructure at the industrial park, but also strived to attract investors, particularly in environmentally-friendly and hi-tech industries that require large investment.
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Workers of Dai Mo Rubber
Plastics JSC at Luong Son Industrial Park.
Vu Thi Hop, Chairwoman of the Da Hop JSC – investor of the Da
River Left
Bank Industrial Zone in Hoa
Binh province, said the company did not only invest hundreds of billions of VND in developing infrastructure at the industrial park, but also strived to attract investors,
particularly in environmentally-friendly and hi-tech industries that require
large investment.
The industrial
park currently houses 23 enterprises, including six FDI firms. Last month, the
Da Hop JSC received representatives from Japan’s Private Finance Initiative
(PFI) to promote industrial investment not only at the Da River Left Bank Industrial
Zone, but also in other
districts of the province.
The province’s
industrial and handicraft production has seen progress since the beginning of
the year with improved business climate that continued to motivate the economic
growth. The industry, particularly processing and manufacturing, was the key
driver of the economic growth.
In the first
three quarters of the year, the province’s industrial and handicraft production
valued at 26.8 trillion VND, up 12.7 percent compared to the same period last year
and equal to 71.7 percent of the yearly target. Its Index of Industrial
Production (IIP) picked up 10.5 percent year on year with significant growth
recorded in various areas of the processing and manufacturing industry, such as
clothing, electronics, bricks, MDF boards, cement, animal feeds and steel
structures.
Many local
textile-garment and footwear producers have orders until the year end and are
working hard to fulfill these orders and look for new ones.
During the
period, accumulated electricity production exceeded 8.2 million kWh, representing72.6 percent of the yearly goal.
Positive sign was also witnessed in the mining with production of construction
stone expanding 40.1 percent year on year while that of coal increasing 22.3
percent year on year.
Hoa Binh expects
the industrial production value to reach nearly 10.6 trillion VND in the last three
months of 2019 to bring the entire year’s figure to 39.4 trillion VND, creating
impetus for the province’s economic growth in the following years./.
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.