(HBO) – The People’s Committee of Hoa Binh province gave in-principle approval to two domestic projects with total investment of 1.1 trillion VND, and adopted capital adjustment for two others in January 2022.
The locality is now home to 39 foreign-invested projects worth
616.4 million USD, and 617 domestic ones with total registered capital of 125
trillion VND.
Businesses operating in Hoa Binh have worked hard to resume production
activities in the direction of safe and flexibleadaptation. The
photo has been taken atAn Phuc Export Garment joint Stock Company in Yen
Thuy district.
In the month, Hoa Binh recorded 40 newly-established enterprises which
registered a total capital ofover 1.41 trillion VND.
The province also made amendments to business registration certificates for 283
companies. As many as 72 firms temporarily suspended production and business,
while 24 voluntarily dissolved, and four returned to the market.
The provincial Party Committee and People’s Committee have focused on directing
the implementation of measures to remove difficulties facing local businesses,
especially those specializing in industries that have been affected by the
COVID-19 pandemic.
Attention has been paid to improving the business and investment environment,
and the competitiveness of the locality in 2022./.
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.
