(HBO) - (HBO) – Hoa Binh province had 262 freshly-established businesses with registered capital totaling more than 8.9 trillion VND (384.37 million USD) during January-October. In October alone, there were 38 new enterprises registering 350.5 billion VND for their operation. In the month, 18 companies registered to halt operation while three voluntarily left the market.
JAENEUNG trade and service Co.,Ltd in Thong Nhat ward, Hoa Binh
city, promotes production and works to create stable jobs for local labourers.
The province agreed in principle for the establishment of four domestic
investment projects valued at more than 1.4 trillion VND, and decided to stop
operation of two others in October. In the 10-month period, local authorities
approved investment policy decisions for 38 projects, 36 of which worth nearly
16.83 trillion VND are invested in by domestic firms, and the rest valued at
3.6 million USD are invested in by foreign businesses.
To date, the province is home to 590 projects, including 41 FDI projects worth
587.6 million USD, and 549 domestic projects valued some 87.1 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.
