(HBO) - In the first six months of the year, Hoa Binh authorities approved 12 investment projects, including 11 domestic ones with a combined registered capital of 252.39 billion VND (10.96 million USD) and one foreign direct investment project worth 6.5 million USD. Meanwhile, one project was terminated.
Easing difficulties brought by COVID-19, Antona JSC at Luong Son industrial park, which specialises in children’s toys, has maintained production and created stable jobs for workers.
The province now has 607 projects, of which 42 are FDI ones of 602 million USD, and the rest are domestic projects worth about 87.65 trillion VND.
Local IPs are home to 102 approved projects, comprising of 27 FDI projects worth 527.35 million USD in and 75 domestic ones of more than 10.83 trillion VND.
To improve business and investment climate, the Hoa Binh People’s Committee has ordered stepping up communications and information provision online in the latter half of the year, in an effort to attract investment in the province; and support for local firms in joining investment and trade promotions, along with revoking stagnant projects to attract potential investors.
Relevant agencies are also asked to keep a close eye on firms’ operations in a bid to promptly address bottlenecks, especially for those who are hardest-hit by COVID-19./.
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.
