The Hoa Binh Lake tourism area is expected to become a national tourism site by 2030, focusing on developing synchronous and modern technical facilities, and high-quality and branded tourism products imbued with national cultural identities. The tourist site also aims to become the largest tourist centre in the province, and one of 12 key tourist areas in the Northern midland and mountainous region

According to the provincial Department of Planning and Investment, the Hoa Binh Lake tourism area has 16 service, culture, and tourism investment projects granted investment certificates worth over 3.3 trillion VND (132.3 million USD), which cover an area of 1,444ha. Projects aim to meet the demand of resort tourism and entertainment service associated with afforestation, forest protection, cultural identity preservation, and spiritual tourism.

Although it has attracted several corporations and businesses to invest in large-scale tourism projects, the implementation of projects remains slow, and not guaranteed the committed schedule. Recently, to facilitate the implementation of key tourism investment projects, particularly those within the Hoa Binh Lake tourism area, officials from the provincial People's Committee and representatives of relevant departments and agencies, inspected three large-scale investment projects in the site, including the Binh Thanh eco-resort project by Mora Group JSC in Cao Phong district, the Ngoi Hoa eco-tourism project by Hoang Son Energy Investmentand TradingConstruction JSC, and the Hoa Binh Lake ecotourism resort project by Lac Hong Investment JSC in Tan Lac district.

Nguyen Van Toan, Vice Chairman of the provincial People's Committee, affirmed that the province will firmly direct all relevant agencies and departments to provide maximum support in terms of procedures to ensure the progress of these projects.

As scheduled, the Ngoi Hoa eco-tourism project’s first phase will be put into operation in the third quarter of 2024, providing top-notch services. It is expected to become an idealyear-rounddestination.

Construction of several other key projects is scheduled to commence this year, promising to offer high-quality services such as yacht tours, kiteboarding, paragliding, windsurfing, and a high-speed water park slide, outdoor swimming pools, and beauty spa, among others.

In recent years, community-based tourism, sports tourism, and agricultural and rural tourism in Hoa Binh have attracted the interest of young people and foreign tourists.

Despite the impacts of the COVID-19 pandemic, tourism products and activities in the Hoa Binh Lake tourism area have been resumed, and stably maintained. Some tourism products have contributed to connecting road and waterway tourism routes.

The tourism area is forecast to welcome over 500,000 visitors per year in the coming years.