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%.
Vice Secretary of the provincial Party Committee and Chairman of the provincial People's Committee Bui Van Khanh chaired the regular October meeting of the provincial People's Committee to review 2024 socio-economic performance.
Taking advantage of favourable weather conditions, constructor is speeding up the construction of technical infrastructure at Tien Tien industrial cluster in Quang Tien commune of Hoa Binh city. So far, the construction of important infrastructure works in the industrial cluster such as the operation office, wastewater treatment plant, power supply system, clean water supply system, fire prevention and fighting system, rainwater drainage system, and internal traffic roads has been completed.
Numerous credit solutions have been implemented by local banks in Hoa Binh province to support individuals and businesses affected by Typhoon Yagi. These measures include debt rescheduling, providing in-depth financial advice, and offering interest rate reductions based on the extent of damages.
Starting from nothing and persevering through a challenging entrepreneurial journey, Bui Van Nhung, a teacher and Party member in Lac Son district’s Nhan Nghia commune - has built Nhung Van Co. Ltd. into a respected provider of high-quality products. Driven by his passion and determination to overcome poverty, this young Party member has blazed a new trail, inspiring the aspirations of farmers across Mường Vang.
In November 8, at Kim Boi District Stadium, the Department of Industry and Trade and the People's Committee of Kim Boi District, Hoa Binh province jointly organized the opening of the Fair to display and introduce typical products of ethnic minority and mountainous areas.
Orange growers in Cao Phong district of Hoa Binh province have enjoyed a good harvest and good prices of the fruit this year.
