(HBO) – In 2017, Hoa Binh city paid attention to developing industries which had advantages in materials and market. It also created optimal conditions to draw more investment in the locality, especially in industrial parks on the left bank of Da River.

The 3/2 garment export
firm (Hoa Binh city) has generated stable jobs for hundreds of labours over the
years.
Accordingly, industry and small
industry - handicraft of the city witnessed good growth. The city is currently
home to 80 industrial firms, a decrease of 3 firms against 2016, with 6,408
labours.
Of the total number, there
were 4,974 people working in foreign-invested enterprises, or 77.6 percent of
labourers in the sector. Meanwhile, 1,228 household businesses in small
industry - handicraft employed 2,326 workers.
The industrial production value
of the city is estimated to hit 3.090 trillion VND (136.39 million USD) in 2017,
up 14.99 percent year-on-year and 5.8 percent compared to the yearly plan.
Of the figure, enterprises
in the locality accounted for 2.51 trillion VND, a 14.6 percent increase
against 2016 while household businesses contributed 580 billion VND, up 16.9
percent year-on-year./.
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
Amid efforts to streamline the administrative apparatus, Hoa Binh province has intensified measures to address challenges in land clearance, resettlement support, and infrastructure investment, aiming to speed up the progress of key projects.
Hoa Binh province has posted an unprecedented economic growth rate of 12.76% in the first quarter of 2025, marking its highest quarterly performance to date and positioning it as the second fastest-growing locality in the country, trailing only Bac Giang province.
Under current regulations, products in the One Commune – One Product (OCOP) programme that are rated three stars or higher must undergo re-evaluation every three months. However, in reality, some of these products fail to consistently meet the required standards, raising concerns about the sustainability of their OCOP certification. This underscores the urgent need for producers to enhance product quality and gradually develop their OCOP products into strong, marketable brands.