HBO - In 2019, Hoa Binh province is allocated a State budget-sourced investment capital of over 2.47 trillion VND (106.21 million USD).
The province has made detail distributions to each project with
total capital of more than 2.02 trillion VND, which comprised of 1.43 trillion
VND from the provincial budget, 285.97 billion VND from the central budget, and
302.96 billion VND from foreign sources.
The capital that has yet to be distributed and assigned is
443.1 billion VND, including 400.058 billion VND for national target programmes,
6 billion VND for the programme to develop infrastructure for coastal and
border economic zones, industrial parks and industrial clusters, hi-tech parks,
and hi-tech agricultural region, and 37.041 billion VND from foreign
investment.
As of February 20, 2019, Hoa Binh had distributed 285.3
billion VND of public investment, reaching 12 percent of the yearly target.
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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