(HBO) - Hoa Binh province has worked to step up economic integration, improve business climate in a bid to increase strength and capitalise on favourable conditions to expand markets and make breakthroughs in sustainable development
Over the years, due attention has been paid to communications on
foreign policies and international integration of the Party and State
as well as the province’s achievements in socio-economic development and
culture, thus contributing to drawing foreign organisations and firms to
explore investment and business opportunities in the locality.
Esquel garment-textile company located at the Luong
Son industrial park greatly contributes to the province’s export revenue.
The province has issued numerous programmes and plans on the implementation of
free trade agreements (FTA) with links to the Comprehensive and Progressive
Agreement for Trans-Pacific Partnership (CPTPP), the EU-Vietnam FTA (EVFTA) and
other important documents on external relations.
The provincial People’s Committee has devised plans on legal support for
businesses, arranged programmes and events on legal issues and contents of Law
on Investment and the revised Law on Enterprises.
It has also built a database and sent officials to relevant agencies to help
with legal support and consultation in business operations for firms and
individuals.
To improve the investment climate, the Hoa Binh People’s Committee holds
regular meetings with firms, co-operatives, dialogues with businesses and
investors of projects with huge influence on the provincial socio-economic
development so as to address their difficulties.
The province is now home to 49 export-import firms, including 26
foreign-invested ones.
To increase exports-imports, the People’s Committee has paid heed to market
development and trade promotions; completed policies on trade, finance, credit
and investment in export items; and sought to identify a list of commodities of
potential and competitive edge.
In the 2016-20, the province enjoyed a constant rise with an annual average
growth rate of 28.5 percent.
Export revenue in the first six months was estimated to near 578.88 million
USD, a year-on-year surge of 29.64 percent.
The province imported goods worth 104.98 million USD in the period, up 25.7
percent from the same period last year./.
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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