(HBO) - Industrial parks (IPs) in northern Hoa Binh province are accommodating 95 investment projects, including 24 foreign direct investment (FDI) projects with a combined registered capital of 499.85 million USD and 71 domestic projects worth about 7.27 trillion VND (314.43 million USD).
Luong Son Industrial
Park-based Vietnam Fragrances Ltd. Co., specialising in producing toothpicks for
export to the Indian market, creates jobs for over 100 local workers.
In the first half of 2020, the impact of COVID-19 has dealt
a blow to investment attraction in Hoa Binh. As a result, there were only two
new projects licensed in the province’s IPs in the period, hitting 25 percent
of the plan.
Businesses have overcome challenges to stabilise production,
raking in 7.96 trillion VND in the first half of 2020, a year-on-year surge of
21.75 percent and reaching 53.07 percent of the yearly plan.
The firms earned 330 million USD in the reviewed period, up
31 percent compared to the same period last year and equivalent to 56.9 percent
of the plan.
State budget collection saw a decrease of 15.8 percent to 88
billion VND in the first half, hitting 44 percent of the yearly plan.
At present, 55 projects have been put into operation and
generated stable jobs for nearly 20,000 local labourers./.
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.
