(HB0) – Hoa Binh province gave the green light to investment plans for two domestic investment projects with a total registered capital of 200 billion VND in May, according to the report of the provincial People's Committee on the socio-economic situation in May and the first five months of 2020.
In the first five months of this year, the
province approved investment plans for 17 projects, including 16 domestic
investment projects with a combined registered capital of over 3,9 trillion VND
and one direct foreign investment (FDI) project worth 0.4 million USD.
GGS Vietnam Co., Ltd., located in the
Da River Left BankIP (Hoa Binh city,) has created jobs for more than
1,000 local laborers.
The whole province now has a total of 582
investment projects, including 40 FDI projects with a total registered capital
of 573.6 million USD and 542 domestic investment projects, capitalized at 84.5
trillion VND.
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
Amid efforts to streamline the administrative apparatus, Hoa Binh province has intensified measures to address challenges in land clearance, resettlement support, and infrastructure investment, aiming to speed up the progress of key projects.
Hoa Binh province has posted an unprecedented economic growth rate of 12.76% in the first quarter of 2025, marking its highest quarterly performance to date and positioning it as the second fastest-growing locality in the country, trailing only Bac Giang province.
Under current regulations, products in the One Commune – One Product (OCOP) programme that are rated three stars or higher must undergo re-evaluation every three months. However, in reality, some of these products fail to consistently meet the required standards, raising concerns about the sustainability of their OCOP certification. This underscores the urgent need for producers to enhance product quality and gradually develop their OCOP products into strong, marketable brands.
