(HBO) - Industrial parks (IPs) in northern Hoa Binh province are accommodating 95 investment projects, including 24 foreign direct investment (FDI) projects with a combined registered capital of 499.85 million USD and 71 domestic projects worth about 7.27 trillion VND (314.43 million USD).
Luong Son Industrial
Park-based Vietnam Fragrances Ltd. Co., specialising in producing toothpicks for
export to the Indian market, creates jobs for over 100 local workers.
In the first half of 2020, the impact of COVID-19 has dealt
a blow to investment attraction in Hoa Binh. As a result, there were only two
new projects licensed in the province’s IPs in the period, hitting 25 percent
of the plan.
Businesses have overcome challenges to stabilise production,
raking in 7.96 trillion VND in the first half of 2020, a year-on-year surge of
21.75 percent and reaching 53.07 percent of the yearly plan.
The firms earned 330 million USD in the reviewed period, up
31 percent compared to the same period last year and equivalent to 56.9 percent
of the plan.
State budget collection saw a decrease of 15.8 percent to 88
billion VND in the first half, hitting 44 percent of the yearly plan.
At present, 55 projects have been put into operation and
generated stable jobs for nearly 20,000 local labourers./.
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.
