(HBO) - Yen Thuy district has advantages in terms of location and transportation and it has taken various measures to attract investment and sustainably restructure its economy over the previous years.
The district not only
has transport links with neighbouring emerging provinces, such as Ninh Binh,
but also is known for its dynamic development in large-scale agriculture and
great potential for the development of industry, resort tourism and
eco-tourism.
With support from district authorities, Nam Son
Co., Ltd., which is located in Yen Binh village, Doan Ket commune, has expanded
production with good business performance.
Yen Thuy has effectively enforced investment
incentives, promoted public administrative reform, and facilitated investment
attraction into local industrial parks. It has also focused efforts on site
clearance and human resources development to meet businesses' demand.
Hoang Tien Son, head of the district’s economic
and infrastructure division said being aware of the importance of transport
infrastructure in luring investors, Yen Thuy has renovated and repaired over
91.1 km of roads at total cost of more than 125 billion VND; concreted about
18.86 km of rural roads, with combined investment of nearly 17.8 billion VND,
between 2015 and 2020.
So far, the district has concreted all main
roads leading to communes’ centre, close to 76.19 percent of district roads and
80,2 percent of communal roads.
It has urged faster construction of a road
connecting Ho Chi Minh Road, National Road 12B and National Road 1 to meet
travel demand. The road is expected to pave the way for attracting investment
to disadvantaged communes, such as Bao Hieu, Lac Suong and Lac Sy.
The district is home to the 220-hectare Lac
Thinh Industrial Park, which has been named in the national plan for industrial
park development by 2020 adopted by the Prime Minister. The district now has 22
projects having received in-principle approval of the provincial People’s
Committee. Together they cover a total of 197.4 hectares and have combined
investment of nearly 7.2 trillion VND.
Yen Thuy has been strengthening cooperation with
relevant provincial departments and agencies to expand the Lac Thinh Industrial
Park’s area to over 1,000 hectares. A joint venture of nine company members of
Xuan Thien Group has proposed the district develop infrastructure in the Lac
Thinh Industrial Park and a 500-hectare hi-tech animal farming and food
processing complex worth a total invesmtnet of 28 trillion VND.
The district has been speeding up clearance of
around 705 hectares of land in Hang Tram township and Huu Loi commune for a
project of FLC Group as well as the progress of a quarry project, with designed
capacity of 2.5 million tonnes per year, operated by cement producer Xuan Son,
a member of Xuan Khiem Group.
The district has also been working with the
investor to survey mineral springs in Ngoc Luong commune in order to develop an
eco-resort here. The project is expected to receive in-principle approval of
the provincial People’s Committee by the end of the first quarter of 2021.
Bui Huyen, Vice Chairman of the Yen Thuy
People's Committee said in the coming time, the district plans to continue
adopting land use planning over the next 10 years and land use plan for this
year and removing barriers to investment attraction. It will focus on
high-quality human resources training and create all possible conditions for
the establishment of joint ventures and economic linkages as the district is
striving to become an ideal destination for both domestic and foreign
investors, he added./.
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.