(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./.
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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