Son Thuy joint Stock Company in Denh village, Dan Hoa commune (Ky Son district, which specialises in manufacturing and trading wooden products, contributes 20 billion VND to the State budget in 2018.

 Hoa Binh province is now home to about 2,800 businesses, with registered capital totalling 36 trillion VND (1.55 billion USD). As many as 546 investment projects do not use the State budget, including 38 foreign direct investment (FDI) projects worth 702 million USD and 508 domestically invested ones capitalised at 67 trillion VND (2.88 billion USD).

 Projects already are in operation accounts for nearly 50 percent, contributing 440 billion VND (18.95 billion USD) annually to the State budget and creating stable jobs for about 28,100 workers.

 In 2018, the province’s economy was estimated to grow 8.36 percent, ranking second in the northwestern region, fourth in the northern mountainous and midland region, and 19th across Vietnam./.

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In the first quarter, the total capital of the credit institutions was estimated at 40,128 billion VND

In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.

Lac Son - attractive destination for investors

Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.

Hoa Binh accelerating disbursement of ODA, foreign concessional loans

In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.

The man who promotes Kim Boi district’s fruit brand

Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.

Q1 disbursement of public investment funds reach 15% of yearly plan

The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.

Hoa Binh works hard to boost farm exports

Hoa Binh province has mobilised all resources to propel local agricultural products to make inroads into foreign markets, towards lifting the export turnover of key agricultural products to 137.8 million USD by 2030, accounting for 3.4% of the locality’s total export value of goods. The locality aims to export farm produce to the US, the European Union, the UK, China, Japan, and the Republic of Korea.