Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
PLac Son district actively attracts investment to promote industrial development and create jobs for labourers. Lac Son Plastic Co., Ltd generates jobs for about 1,300 local labourers.
Chairman of the district People’s Committee Bui Van Linh mentioned the advantages of the locality, saying that Lac Son boasts transportation and labour strengths, and large land for developing agriculture, forestry, industry, and services.
With a rich cultural heritage deeply rooted in the Muong ethnic identity, abundant historical and cultural relics, as well as unique local specialties and cuisine, Lac Son boasts great potential for tourism development.
The northeast communes of Mien Doi and Quy Ho, and the southwest communes of Ngoc Son and Tu Do have a mild climate, beautiful natural landscapes, and a forest coverage of over 50%, making them suitable for resort and eco-tourism development.
Apart from well-known destinations like Mu waterfall in Tu Do commune and Thung hill in Quy Hoa commune, many investors and enterprises have confidently poured money in eco-tourism projects and high-end eco-resort urban areas.
Over the recent years, Lac Son district has paid heed to strengthening investment promotion activities and proactively seizing opportunities to attract capital from domestic and foreign investors.
Moreover, the district has rolled out a red carpet for investors through efforts to speed up administrative reform, improve investment and business environment, and ensure the land clearance progress.
In 2023, the district had four more investment projects approved by the provincial People's Committee, lifting the total number in the locality to 37 worth over 12 trillion VND. These projects cover a combined area of 732 ha. As many as 20 out of these projects were completed and put into operation.
Currently, some investors are proposing to conduct surveys to develop projects with a total area of nearly 2,500 ha in the locality. Bui Van Linh said that businesses and investors have significantly contributed to promoting the district’s socio-economic development, and bringing vitality to all aspects.
The unemployment rate in rural areas has decreased, while the number of local labourers finding employment locally is increasing. Last year, the district’s per capita income reached 60 million VND (nearly 2,400 USD), leading to a reduction in the poverty rate by 4.32%.
In the first half of 2024, Hoa Binh province granted new business registrations for 210 enterprises with a total registered capital of more than 4.75 trillion VND (187.5 million USD), an increase of 12% year on year, the provincial Department of Planning and Investment has reported.
The working class in Vietnam in general and Hoa Binh province in particular, has made significant strides in terms of quality and making practical contributions to the country's industrialisation and modernisation process. Establishing a well-organised working class that has professional skills, firm political mettle, capable of leading the innovation process, and actively integrating into global trends of globalisation, is the responsibility of the entire Party and political system. However, there are numerous challenges that hinder the robust development of the working class.
Accessing preferential loans from the Vietnam Bank for Social Policies (VBSP), many households in Tan Lac district have escaped poverty and many students progressed on their quest for knowledge.
The companionship of the preferential loans from the Bank for Social Policies (VBSP) has helped many households in Tan Lac district escape poverty sustainably. Along with that, the policy capital has accompanied with many students in their journey to seek knowledge until they achieve the "sweet fruits”.
In the 2023-2024 winter-spring crop, despite unfavourable weather conditions and negative impacts of market, Hoa Binh has basically achieved targets and even exceeded the yearly plan due to the fact that production direction and preparation of production material was carried out early.
Implementing the criteria on the form of production organization in the program for building New Rural Areas, the Party committees and the provincial authorities at all levels have strengthened the direction and implementation of land consolidation and land exchange.
