(HBO) – Luong Son Industrial Park, with its favourable location and complete infrastructure system, has been a bright spot in domestic and foreign investment attraction, making important contributions to the sustainable transformation of the economic structure in Luong Son.
Esquel Vietnam Ltd in Luong Son IP has created jobs for about 5,000 labourers.
Among the successful enterprises in Luong Son IP is Japanese-funded Nissin Manufacturing Vietnam Ltd., which was established in 2012 to produce motorbike spare parts for Yamaha Motor Vietnam.
Nissin Manufacturing Vietnam’s Administrative Director ShingoTanaka said that since the firm was put into operation, it has received great support from the local administration. In 2021, the firm’s revenue reached 459 billion VND (19.75 million USD), creating jobs for more than 200 labourers, he said.
Meanwhile, Esquel Group’s garment factory in Luong Son IP, one of the first projects in the IP with an investment of about 28 million USD, had enjoyed an export revenue of 17.63 million USD in the first four months of this year, employing about 5,000 labourers.
HNT Vi Na, which is Coasia CM ViNa now, is also another successful firm in the Luong Son IP, with an export revenue of about 28.97 million USD in April and nearly 90 million USD so far this year, providing jobs for 2,300 labourers.
So far, the Luong Son IP has hosted 41 projects, including 18 invested by investors from Japan, the Republic of Korea and India, with a total investment of nearly 300 million USD, along with 23 domestically-invested projects worth over 1.2 trillion VND.
Leaders of the Management Board of Hoa Binh IPs said that the majority of enterprises based in Luong Son IP has operated effectively, contributing to the economic restructuring process of Luong Son district./.
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.
