(HBO) - In April of 2018, the province decided to have a plan of investing in four domestic investment projects with a total registered capital of 97 billion VND, increasing the number of projects to be decided from the beginning of the year up to 18 projects with a total registered capital of 623 billion VND at present.
Workers of Sankoh Vietnam Co., Ltd - Lac Son district branch producing
electronic components for export service. Photo taken by H.T.
Accumulated up to now, the province has had a
total of 507 projects, including 36 foreign direct investment projects with
total registered capital of US $ 502 million and 471 domestic projects with a
total registered capital of VND 64,716 billion.
In the first four months of this year, 21
enterprises have registered new installments with a total registered capital of
122.7 billion VND; 7 enterprises have registered their branches and
representative offices; 56 enterprises have supplemented or changed the
contents of business registration certificates. Up to April 15th, 2018, 11
enterprises have registered to paused production and business activities.
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.
