(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.
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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