(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./.
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.
