(HBO) - Since the beginning of the year, the COVID-19 pandemic has partly caused remarkable decreases in the number of projects as well as the amount of registered investment capital in Hoa Binh province.
In May, the province approved the investment plan for a
domestically-invested project with a capital of about 20 billion VND, and
adjusted investment plans for two others. In the first five months of this
year, the province approved investment plans for four domestically-invested
projects, with a total capital of 113.5 billion VND. The province now has 599
investment projects, of which 41 are foreign-invested totalling 595.5 million
USD and 558 are domestic ones worth 87.5 trillion VND.
R Technical Research Co., Ltd in Da River Left-bank
Industrial Park works on dual targets of pandemic prevention and control and
economic development and recovery.
Also in May, there were 53 newly-established businesses with
a combined registered capital of 1.14 trillion VND, 15 businesses registering
to suspend production and business activities, and five dissolving voluntarily.
In the month, the province also granted additional or changed contents of
registration licences to 114 businesses.
The provincial People’s Committee has closely directed
departments, districts and Hoa Binh city to get updated on difficulties and
aspirations of enterprises, support and guide them to overcome these
difficulties./.
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.