(HBO) – Developing industrial parks and clusters to attract investment will greatly help create jobs, raise income for workers, guarantee social security, and boost socio-economic development. Mindful of this, the Hoa Binh provincial Party Committee and People’s Committee have paid great attention to the issue. The province is striving to expand the area of industrial parks and clusters to about 1% of its total area - a target set in the resolution of the 17th provincial Party Congress.
Technical infrastructure of the Tien Tien industrial cluster
in Quang Tien commune, Hoa Binh city, has been developed rather comprehensively
and attracted secondary investors.
According to the initial planning, Hoa Binh
province would have eight industrial parks with a total area of over 1,500ha.
Basing on demand and implementing the 17th provincial Party Congress’s
resolution, the provincial People’s Committee ordered a survey be conducted in
some localities with investment attraction potential. Authorities have agreed
to add four industrial parks covering 1,493ha in Yen Thuy, Lac Son, and Da Bac
districts to the provincial planning for 2021 - 2030, with a vision to 2050.
That has raised the number of planned industrial
parks in Hoa Binh province to 12 with a total area of about 3,000ha. Besides,
21 industrial clusters covering 866,605ha have also been planned.
To boost technical infrastructure development
and the occupancy in industrial parks and clusters, the provincial People’s
Committee set up a steering board for infrastructure development in those
zones. This board has held quarterly or sporadic meetings to devise solutions
to difficulties facing infrastructure and secondary projects in industrial
parks and clusters.
As of August 2022, nearly 1.25 trillion VND
(50.2 million USD) was spent on developing industrial park infrastructure,
including 227.8 billion VND from the central budget, 354.1 billion VND from the
local budget, and 667 billion VND from investors.
Local industrial parks attracted 104 projects,
including 26 FDI ones worth 514.8 million USD (respectively accounting for
66.7% and 83.5% of the total in Hoa Binh) and 78 domestic ones worth nearly
13.6 trillion VND.
In 2021, businesses based in industrial parks
earned nearly 18.19 trillion VND in revenue and 690 million USD from exports,
equivalent to 44.36% of the province’s total industrial production value and
56.6% of the total overseas shipments, while contributing 250 billion VND to
the State budget.
In the first nine months of 2022, they raked in
about 15.4 trillion VND from production and business activities, up 24% year on
year, and created jobs for some 20,100 people.
From 2014 to 2022, local industrial clusters
attracted 25 investment projects, raising the total to 28 with combined capital
of almost 2.6 trillion VND. This year, they provided jobs for about 1,300
people and generated an estimated industrial production value of 1.7 trillion
VND./.
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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