An Viet Hoa Binh JSC, the infrastructure investor of Yen Quang Industrial Park (IP), has held a ceremony to present investment registration licenses to four enterprises. The event was attended by Vice Chairman of the Hoa Binh provincial People’s Committee Quach Tat Liem, along with leaders from various departments, agencies, and local units.
Leaders of the Industrial Park Authority ofHoa
Binh presents investment registration certificates to four companies investing
in Yen Quang Industrial Park.
An Viet Hoa Binh JSC is developing the Yen Quang
IP infrastructure project, covering 180.62 ha with an investment of over 1.6
trillion VND (63.3 million USD). The IP is expected to become an attractive and
trustworthy destination for secondary investors, thereby contributing to the
local budget, creating over 8,000 jobs, and supporting economic restructuring
in the province.
In 2024, the company invested resources in
developing environmentally sustainable infrastructure, including a concentrated
wastewater treatment facility using advaced technology. To date, four secondary
investors have been granted investment registration certificates, and eight
others have signed memoranda of understanding for land leasing.
Speaking at the ceremony, Vice Chairman Quach
Tat Liem recognised that Yen Quang IP possesses many important advantages to
attract investment, harness high-value logistics supply chains, and develop
into a key industrial park.
The park's competitive edges will continue to
grow as Hoa Lac - Hoa Binh Expressway is further expanded. Along with these
opportunities, there are challenges for both the park investor and secondary
investors in Yen Quang IP, he added.
He urged the infrastructure investor of Yen
Quang IP to continue focusing on human resources, materials, and finances to
accelerate the progress of infrastructure development in the next investment
phase, in line with sustainable development goals.
The Vice Chairman pledged cooperation with
businesses. He also requested relevant agencies, units, and localities to
continue their attention, coordination, and support in addressing any obstacles
to ensure the smooth and effective implementation of the Yen Quang IP
project.
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.
In 2019, the "One Commune, One Product" (OCOP) programme took root in Yen Thuy district. At the time, local products lacked branding, packaging, and labels, mostly sold in raw form through small-scale distribution. However, amid these challenges was a crucial advantage: farmers' willingness to change, experiment with standardised processes, and learn to package and price products based on value, not just weight.
Once barely visible on the northern region’s tourism map, Hoa Binh province welcomed 4.3 million visitors last year, generating a tourism revenue of nearly 4.74 trillion VND (USD), according for 31% of its GDRP. Beyond mere statistics, the milestone demonstrates that tourism and services have become new growth engines for the locality.
