(HBO) – At the end of 2018, industrial parks in the northwestern province of Hoa Binh were home to 87 projects, including 23 foreign direct investment (FDI) ones with a combined registered capital totalling 605.4 million USD and 64 domestic projects capitalised at 7.25 trillion VND (312.9 million USD).
Currently, 16 out of the 23
FDI projects are operating well.
The Transon company in the Luong Son Industrial Park generates
jobs for 1,000 workers.
In 2018, FDI projects
earned about 614 million USD in revenue and 596 million USD in exports, and created
stable jobs for 15,700 labourers. Meanwhile, their import values stood at 502
million USD and the projects contributed 4.33 million USD to the State budget.
All figures recorded surges of 110-126 percent year-on-year.
Hoa Binh province has
launched solutions to address difficulties in production and , as well as
provided refresher courses for local workers. The province also bolsters
infrastructure investment and prepares land to attract investment and support
prompt and efficient operation of businesses, thereby contributing to stable
job creation, State budget collection and sustainable economic restructuring of
the locality./.
According to data from the Hoa Binh Provincial Party Committee, the industrial production index for the first six months of 2025 is estimated to have increased by 20% compared to the same period last year. This marks the highest year-on-year growth rate for this period since 2020.
In the first six months of 2025, Hoa Binh province’s export turnover was estimated at 1.145 billion USD, marking an 18.11% increase compared to the same period in 2024. Import turnover was estimated at $ 804 million, a 17.15% increase, which helped the province maintain a positive trade balance.
The lives of the ethnic minority farmers in Tan Lac district have gradually improved thanks to the new directions in agricultural production. This is a testament to the collective strength fostered through the professional associations and groups implemented by various levels of the district’s Farmers’ Union.
With the motto the "product quality comes first,” after nearly one year of establishment and operation, Muong village’s Clean Food Agricultural and Commercial Cooperative, located in Cau Hamlet, Hung Son Commune (Kim Boi district), has launched reputable, high-quality agricultural products to the market that are well-received by consumers. The products such as Muong village’s pork sausage, salt-cured chicken, and salt-cured pork hocks have gradually carved out a place in the market and they are on the path to obtaining the OCOP certification.
In the past, the phrase "bumper harvest, rock-bottom prices" was a familiar refrain for Vietnamese farmers engaged in fragmented, small-scale agriculture. But today, a new spirit is emerging across rural areas of Hoa Binh province - one of collaboration, organisation, and collective economic models that provide a stable foundation for production.
Maintaining growing area codes and packing facility codes in accordance with regulations is a mandatory requirement for agricultural products to be eligible for export. Recently, the Department of Agriculture and Environment of Hoa Binh province has intensified technical supervision of designated farming areas and packing facilities to safeguard the "green passport" that enables its products to access international markets.
