(HBO) - Being considered as the gateway of Hoa Binh City and located in the provincial important area of the economic dynamics, Ky Son district has many potentials and advantages to attract investment and economic development.
Son Thuy joint Stock Company, Dan Hoa Commune (Ky Son) is one of the enterprises that makes a great contribution to the budget of Ky Son district.
In order to create a favorable legal corridor and the environment for the investment and business, the People's Committee of the district issued a document to implement the Law on Investment and the decisions and the plans to attract investment of the provincial People's Committee. In addition, the People's Committee has advised the Party Committee to issue the Resolution No. 13 on promoting the investment attraction, infrastructure construction and urban development in Ky Son district; the People's Committee's Plan No. 106 on improving the business environment and improving the competitiveness. In particular, the People's Committee of the district has also decided to establish a working group to support and solve the investment attraction and the site clearance of the projects attracting investment in the district.
With the close direction of the different levels of the Party committee, the government has actively contributed to improving the investment and business environment, creating favorable conditions for the economic sectors to invest in the locality.
The district has organized a lot of meetings, working with the enterprises, promoting the image and the advantages of the district at the same time. Up till now, the district has been attracting 115 investment projects, focusing on the fields of industry, tourism, trade - service, petroleum trading, production and trading of the construction materials, environment and fisheries with a total registered investment capital of over 54,882 billion VND. The number and the scale of the project have increased gradually over the time and periods.
The projects are the driving forces of GDP growth, contributing to economic restructuring towards the industrialization and the modernization. A lot of projects have been in operation, significantly contributing to the district’s budget. Initially, the district has attracted high-tech projects in agriculture such as the conservation and development projects of high quality medicinal materials and High-tech agricultural project in Bai Noi village, Hop Thanh commune.
In the coming time, the district will continue the promotion, the construction and the development of high quality information and website packages for investors to provide a full and transparent system of policies and legal laws relating to the investment activities.
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.
