.jpg)
(HBO) – In 2018, the northwestern province of Hoa Binh had 450 new enterprises, with total registered capital worth 7.5 trillion VND (323 million USD). Besides, 24 firms dissolved and 150 others halted their operations in the year.
.jpg)
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./.
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.
.jpg)
