Determining industrial development as a driving force for socio-economic development, Lac Thuy district has stepped up the dissemination work to raise awareness of officials, party members, and people of the policy of forming and developing industrial clusters, while developing resolutions and action programmes, and including them in the local socio-economic development planning on promoting the development of these clusters.
Phu Thanh II Industrial Cluster (Lac Thuy) has an occupancy rate of nearly 87%.
In the district, there are seven industrial clusters included in the province’s master planning for the 2021 – 2030 period, with a vision to 2050, covering a total area of 398.12 hectares. Of the total, five are included in the provincial industrial and handicraft development plan to 2020, with an orientation to 2025, covering a total area of 282.25 hectares. The occupancy rate of Phu Thanh II Industrial Cluster is 86.87%, Thanh Nong Industrial Cluster 52.51%, and Dong Tam Industrial Cluster 30.29%.
To date, the industrial clusters have attracted 19 secondary investors, with a total registered investment of 1.4 trillion VND (56.3 million USD).
To promote investment attraction, the district focuses on completing, upgrading, and renovating infrastructure of industrial parks; investing in the construction of wastewater treatment plants; and reserving areas for planting trees. It also recommends authorities of all levels to prioritise licensing for investors with appropriate advanced technology and production sectors with little impact on the environment. At present, the construction of a wastewater treatment plant at Phu Thanh II Industrial Cluster has been completed.
Nguyen Van Hai, Chairman of the district People's Committee, said that in attracting investment to industrial clusters, Lac Thuy has a support policy for enterprises investing in high technology in production and business, and helps train human resources to meet the needs of enterprises. It also encourages businesses to employ local workers, diversify training forms, and link vocational training with job creation; while organising technical training for labourers, especially giving priority to members of households whose land is subject to land recovery for industrial development, helping them have stable incomes and ensure their lives.
In the coming time, the district will continue to implement concerted solutions to attract investment, maximise the support of the central and local administrations to complete the infrastructure system, and build and apply technical barriers in the process of reviewing and deciding on new projects with the aim of attracting quality investment, in line with the orientation of economic structure and industrial cluster infrastructure.
Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.
Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.
The Hoa Binh provincial People's Committee has issued Decision No. 2767/QD-UBND announcing the rankings of departments, agencies, districts and Hoa Binh city in the Public Administration Reform Index (PAR) and the Satisfaction Index of Public Administration Services (SIPAS) in 2024.
The cultivation of Dam Xanh fish (Bangana lemassoni), a unique fish species, has seen remarkable growth in Mai Chau district, thanks to its high economic value and effectiveness. Initially concentrated in Van Mai commune, farming has now extended to four other communes, namely Mai Hich, Mai Ha, Chieng Chau, and Son Thuy. These areas benefit from pristine underground water flowing from mountain crevices, providing ideal conditions for raising this specialty fish.
In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.
In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.
