(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./.
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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