(HBO) - In 2019, Hoa Binh province has continued to intensify investment promotion activities, enhance coordination in handling administrative procedures and implement measures to improve the business environment and remove difficulties for enterprises and investors.
The Midori Apparel
Vietnam Ltd Co (at Luong Son industrial park) reported effective production and
business results, contributing to the province’s export value in 2019.
During the year, the province approved investment
proposals and granted investment licences to 59 projects, including four
foreign direct investment (FDI) projects with total registered capital of 24.5
million USD. The remaining 55 projects are invested by domestic investors, with
total registered capital of 3,982 billion VND. The number of projects was down
by one project, while the amount of capital was equivalent to 39 percent
compared to the same period last year.
At the same time, the province withdrew the
licences of 42 projects (6 FDI and 36 domestic ones).
On aggregate, Hoa Binh is home to 567 projects,
comprising 38 FDI projects with total capital of 568 million USD and 529
domestic projects valued at around 68,982 billion VND./.
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.
