(HBO) - Hoa Binh has taken drastic measures to accelerate public administrative reforms, improve its business climate and withdraw licences of delayed projects in order to lure more investment to the province.
JAENEUNG Trade and Service Co., Ltd. in Thong Nhat
ward, Hoa Binh city, maintains stable production and provide jobs for a large
number of local workers.
The
province is now home to 595 investment projects, including 41 FDI projects,
worth a total of 587.6 million USD and 554 domestic projects, worth 87.5
trillion VND. Among them, there are more than 350 industrial production projects,
of them 138 were put into operation.
In
February, the province granted license to a domestic project with an investment
of 14.5 billion VND and authorized two others to add investment.
By
the end of February, 49 businesses had been licensed to establish or set up new
branches in Hoa Binh, with combined registered capital of 807.5 billion VND.
Twenty-two firms suspended operations while 12 others dissolved./.
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.
