(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./.
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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