(HBO) - The Party Committee and People’s Committee of the northwestern province of Hoa Binh have over the years strived to improve investment and business climate in a clear and transparent manner, and revised administrative procedures in investment, construction, land use and business registration for investment attraction.
The Vietnam Fragrances Company based at the
Luong Son Industrial Park (IP) in Hoa Binh specialises in toothpick exports to
India, which raises the province’s export values.
The province has drawn
211 investment projects since 2017, including 17 foreign-invested ones.
At present, there are 580 projects in Hoa Binh, of which 540 are domestic with
registered capital totaling over 84.74 trillion VND (3.67 billion USD) and 40
FDI projects worth 575.4 million USD.
The province’s IPs
currently house 95 licensed projects, comprising of 24 foreign-invested of
499.85 million USD and 71 domestic worth nearly 7.27 trillion VND.
As many as 55 projects
have come on stream, creating stable jobs for approximately 20,000 workers./.
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.
