(HBO) - The process of extensive international economic integration has created favourable conditions for foreign businesses to invest in projects in the northwestern mountainous province of Hoa Binh, helping to promote the locality’s economic growth.

Production and business activities of the R Technical Research Co., Ltd in the Da River left-bank industrial park in Hoa Binh city have contributed to promoting Hoa Binh province’s export value.

 

Since 2017, the province has attracted 17 foreign direct investment (FDI) projects with total capital of about 275.7 million USD.

The locality is now home to 40 FDI projects with total registered capital of 580.2 million USD, of which 33 projects have been put into operation.

Foreign enterprises are mainly from the Republic of Korea, Japan, and China, operating in the field of electronic component assembly and garment. 

The attraction of official development assistance (ODA) in Hoa Binh has been promoted. In the last three years, the province has had 26 programmes and projects using ODA capital and preferential loans from foreign donors. 

The provinceis calling for a number of ODA projects, including a green urban development project to adapt to climate change in Ky Son ward of Hoa Binh city; a project to connect the province’s transport networks to the national transport system.

Local authorities have also paid attention to attracting and mobilising foreign non-governmental aid. Non-governmental organisations (NGOs) have so far operated at all of the province’s districts and Hoa Binh city, mainly in areas with disadvantaged socio-economic conditions and in the fields of rural development, health care, education, clean water and environmental sanitation, and in solving social problems.

Hoa Binh authorities have been implementing well commitments and international agreements signed with organisations, agencies and foreign localities such as World Vision, ChildFund, Habitat for Humanity International, AOP, AEA, German bank for reconstruction (KfW), KuwaitFundforArab Economic Development, KV Consulting Co., Ldt, Hanbaek Construction Co., Ltd, Luang Prabang and Huophane provinces of Laos, TUV province of Mongolia, Jeollabuk and Ulsan city’s Ulju district of the Republic of Korea. These help create good relations with partners.

The province is now home to 49 programmes and projects funded by 21 NGOs, development cooperation agencies and donors with total committed aid value of 15.8 million USD. 

The committed value of new programmes and projects in the first six months of this year was over 2.2 million USD. There are 22 international agreements being carried out in the province./.

 

 


Related Topics


Hoa Binh takes actions to connect markets, promote values of agricultural products

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 is determined to achieve the targets of double-digit growth

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%.

Issuing the certificates of the product safety in the supply chain for the establishments

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 reviews state budget revenue in first two months

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.

Young Thai ethnic woman brings traditional brocade to international market

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.

Tan Vinh farmers strive to excel in production and business

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.