(HBO) – Being aware of their potential, advantages and even weaknesses, localities in Hoa Binh province are rolling out the red carpet to attract more investors with a determination to create a favourable, safe and reliable environment for businesses.
Lac Thuy joint Stock Company of Duc Giang Corporation
(Lac Thuy) is quickly put into operation, generating jobs for over 1,000
labourers.
At a meeting of the provincial Party Committee’s Standing
Board in January, Ngo Van Tuan, member of the Party Central Committee and
Secretary of the provincial Party Committee, stressed positive developments in
several localities when the provincial Party Committee, local authorities, and
relevant organisations joined hands in speeding up ground clearance to support
enterprises.
According to him, ground clearance is the most important
link to increase the efficiency of investment attraction. Of great note, some localities have taken the initiative in
carrying out measures to improve the efficiency of ground clearance so as to
better the investment environment and attract more resources for socio-economic
development.
Lac Son district is a good example, reflected through the
Canh Tang reservoir project. The project, invested by the Ministry of
Agriculture and Rural Development, has a total investment of 3.1 trillion VND
(134 million USD). To carry out the project, the province was assigned to carry
out compensation and resettlement for 652 households with the total area of
land that needs to be cleared being 1,238ha. The district has mobilized the entire political system to
effectively carry out the ground clearance.
Nguyen Ngoc Diep, Secretary of the district Party Committee,
said that the district is determined to perform well the task in order to
attract investors, to compensate for the locality’s disadvantages, especially
in the geological position and the road transport system.
Lac Thuy district counts 54 investment projects with total
registered capital of around 18.03 trillion VND. It has been able to attract
strategic investors and lure major projects thanks to drastic actions in
improving the investment climate, particularly in site clearance.
Investors said the available of clean land has shortened the
time needed to put projects into operation, which created special
attractiveness for Lac Thuy over the past years. During project implementation, all-level Party Committees
and authorities have helped to remove difficulties facing investors, and worked
as a bridge between investors and people. Slow land clearance cause many projects to delay and be
rescheduled. The main reason for the problem is that businesses and local
residents could not reach consensus on the compensation plan.
Such bottlenecks need the involvement of the entire
political system and relevant units to be handled. "People sometimes ask for high compensations as they think
that enterprises can afford high prices that even amount to 2 billion VND per
ha,” a businessperson said on condition of anonymity.
"However, after being explained by district officials, they
are aware of benefits generated by the projects such as job generation, higher
income, momentum for local socio-economic development, and State budget
contribution,” the businessperson said, adding that locals agreed with the
compensation plan at last.
In an effort to attract investments, the province has rolled
out uniform mechanisms and policies. To assist investors, leaders of the
provincial People’s Committee personally instructed the settlement of problems
emerging during the implementation of major, important projects. The provincial centre for investment, trade and tourism
promotion, and relevant departments and agencies have also helped enterprises
with legal procedures.
During dialogues with investors, local leaders affirmed
their support to investors, from survey to project building, implementation and
operation, which has been realised with high political resolve. /.
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.
