The Management Board of Hoa Binh Industrial Parks has defined the enhancement of quality of local industrial parks (IPs) as one of the key solutions to attract secondary investors. Currently, Hoa Binh has eight IPs with a total planned areas of over 1,507 hectares, two of which have had complete technical infrastructure system. Many IPs have seen high occupation rate, including Luong Son IP with 100%, Da River Left Bank IP 91.53%, and South Luong Son IP 60.08%.
Construction of the road connecting National Highway 6 to Nhuan Trach industrial park in Luong Son district is being sped up.
This year, along with investing in necessary infrastructure works in local IPs, the board has designed planning for the construction of five IPs and sped up construction and ground clearance for the projects.
In 2023, the total investment in the construction of infrastructure system in local IP has reached over 700 billion VND (28.83 million USD) including about 600 billion VND from investors.
According to leaders of the board, so far, many infrastructure works have been on good process. The Da River wastewater treatment plant has completed and will be put on testing operation, while the ground clearance for the construction of a road to Yen Quang IP has finished. A road connecting Hoa Lac – Hoa Binh Expressway with Yen Quang IP has accepted the payment volume of over 50% of the assigned capital plan. At the same time, a project to build intersections and feeder roads in Lac Thinh IP is on a right track.
The board has also worked on the planning of eight additional IPs in Yen Thuy, Luong Son, Lac Son, Da Bac, Tan Lac district and Hoa Binh city with a total area of nearly 2,238 hectares.
Currently, the rate of operating IPs with standardised concentrated wastewater treatment system has reached 75%. The cleared area for investors is over 119 hectares, exceeding the plan by 8.4%.
Along with infrastructure development, the board has concentrated on improving the business environment and strengthening administrative reform and investment attraction.
Director of the board Chu Van Thang said that it has held regular meetings with businesses in local IPs to deal with their difficulties and gather their opinions.
As of the end of October, the board had reported four new projects worth 89.5 billion VND in local IPs, while an additional 89.92 billion VND was poured into operating projects.
To date, local IPs have attracted 109 projects, including 25 FDI firms with combined capital of 519.33 million USD. Businesses in the IPs reported a revenue of over 22 trillion VND and export value of 775 million USD, paying 250 billion USD to the State budget and creating jobs for more than 1,700 labourers.
Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.
Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.
The Hoa Binh provincial People's Committee has issued Decision No. 2767/QD-UBND announcing the rankings of departments, agencies, districts and Hoa Binh city in the Public Administration Reform Index (PAR) and the Satisfaction Index of Public Administration Services (SIPAS) in 2024.
The cultivation of Dam Xanh fish (Bangana lemassoni), a unique fish species, has seen remarkable growth in Mai Chau district, thanks to its high economic value and effectiveness. Initially concentrated in Van Mai commune, farming has now extended to four other communes, namely Mai Hich, Mai Ha, Chieng Chau, and Son Thuy. These areas benefit from pristine underground water flowing from mountain crevices, providing ideal conditions for raising this specialty fish.
In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.
In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.
