(HBO) – As many as 200 businesses were set up in the northwestern province of Hoa Binh in the first six months of the year, representing a rise of 20.47 percent year-on-year.
The combined registered capital of those firms amounted to 2.8 trillion VND (121.34 million USD), up 169.67 percent.
Esquel
Vietnam,operating in Luong Son Industrial Zone, creates jobs for 4,000
labourers.
Relevant authorities handled procedures for 38 firms to register their
branches and representative offices. They also issued changes of business
registration certificates for 453 firms.
In the period, 72 enterprises halted their operations and 25
others had their certificates revoked, with seven of them voluntarily
dissolved.
The province has instructed the completion of the equitisation to
turn the Road management Section I into the Hoa Binh Traffic Construction joint
Stock Company, as well as the continuation of the first public offering of the Road
management Section II.
Procedures to change agricultural companies into limited companies
with at least two members are also in preparation, while a plan to divest the
Hoa Binh clean water joint stock company in 2018 is underway.
Once a mountainous province facing many challenges, Hoa Binh has, after more than a decade of implementing the national target programme on new-style rural area development, emerged as a bright spot in Vietnam’s northern midland and mountainous region. In the first quarter of 2025, the province recorded positive results, paving the way for Hoa Binh to enter a phase of accelerated growth with a proactive and confident mindset.
Hoa Binh province is steadily advancing its agricultural sector through the adoption of high-tech solutions, seen as a sustainable path for long-term development.
The steering committee for key projects of Hoa Binh province convened on May 14 to assess the progress of major ongoing developments
A delegation of Hoa Binh province has attended the "Meet Korea 2025" event, recently held by the Ministry of Foreign Affairs, the Embassy of the Republic of Korea (RoK) in Vietnam, the Korea Trade-Investment Promotion Agency, and the People's Committee of Hung Yen province.
Hoa Binh province joined Vietnam’s national "One Commune, One Product” (OCOP) programme in 2019, not simply as a mountainous region following central policy, but with a clear vision to revive the cultural and agricultural values in its villages and crops.
From just 16 certified products in its inaugural year to 158 by early 2025, the One Commune One Product (OCOP) programme in Hoa Binh province has followed a steady and strategic path. But beyond the numbers, it has reawakened local heritage, turning oranges, bamboo shoots, brocade, and herbal remedies into branded, market-ready goods - and, more profoundly, transformed how local communities value and present their own cultural identity.
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