(HBO) – In the first nine months of this year, Hoa Binh approved the investment plans and granted licences to 45 domestically-invested projects with combined capital of over 31.48 trillion VND (1.31 billion USD), representing a rise of 30 projects and 129.4% in value compared to the same period last year.
GGS Vietnam Co., Ltd in the Da River Left Bank
Industrial Park in Hoa Binh city has created stable jobs for hundreds of local
labourers.
In the period, the province issued the decisions to end the operation of three
projects and halt another, while adjusting the investment plans of 12
projects.
To date, Hoa Binh is home to 705 operating projects, including 37
foreign-invested ones with total capital of about 600 million USD and 668
domestically-invested projects worth about 181.9 trillion VND. Local industrial
parks are hosting 103 projects.
Businesses' revenue from production and business activities in the first nine
months was estimated at 15.41 trillion VND, up 24% over the same period last
year and equivalent to 78.7% of the yearly target. Investment projects created
jobs for about 20,100 employees, up 2.7% year-on-year.
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.
