(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./.
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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