(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.
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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