HBO – From the start of 2019, the north western province of Hoa Binh approved investment proposals for 14 projects of domestic investors with registered capital worth nearly 1.58 trillion VND (68.31 million USD), up 1 project and 954.7 billion VND in capital compared to the same period last year.
By the end of the year’s first quarter, the
province is forecast to have 536 investment projects in total, including 38
foreign direct investment projects with 625 million USD in registered capital
and 498 domestic ones with capital of about 67.9 trillion VND (2.9 billion USD).
As
many as 50 projects have become operational in industrial parks in Hoa Binh,
contributing to tate budget collection and creating jobs for local people.
Photo: Hoa Binh Knitting Company, based in the industrial park on the left bank
of Da River, generates jobs for 400 workers.
There were 88 projects receiving licences
to operate in the province’s industrial parks. Of the number, 25 projects are
FDI ones with registered capital worth 573.98 million USD and 63 domestic
projects capitalised at about 7 trillion VND.
Up to 50 projects across the province have
begin operation, creating jobs for about 17,250 labourers.
After more than four years of implementing a project launched by the Hoa Binh Party Committee’s Standing Board on developing agriculture and promoting product consumption linked with building new-style rural areas for the 2021-2025 period, the province’s industry and trade sector has made significant strides, greatly contributing to local socio-economic development.
Luong Son district has identified 2025 as the year for the accelerated breakthrough to successfully implement the socio-economic development plan for the 5-year period from 2021 to 2025. The district has been focusing on executing the plans and trying to achieve a GRDP growth rate of approximately 15%.
Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.
Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.
Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.
As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.
