(HBO) – The Hoa Binh Party Committee on November 29 had a meeting with leaders of the VinaCapital Group regarding the latter’s proposal to research and invest in a project in the province. Present at the event were Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the provincial Party Committee; Bui Duc Hinh, Standing Deputy Secretary of the provincial Party Committee and Chairman of the provincial People's Council; Bui Van Khanh, Deputy Secretary of the provincial Party Committee and Chairman of the Provincial People's Committee; and Quach Tat Liem, Vice Chairman of the provincial People's Committee; among others.
Delegates discuss opportunities for investment in the Hoa Binh lake area.
VinaCapital Group representatives introduce the group's urban and tourism products.
On behalf of the provincial leaders, Long informed the guests on Hoa Binh’s socio-economic situation. Hoa Binh is located at the gateway of the northwest region, adjacent to Hanoi, and part of the planning of the capital and northern key economic regions. The province has diverse and rich natural conditions, and abundant opportunities for investment and development across fields. It identified four spearheaded sectors for growth, namely high-tech industry, clean agriculture, tourism services, and urban development. The Hoa Binh Lake, approved by the Prime Minister to be developed into a key national tourist area, offers an opportunity to develop tourism types based on the local natural landscape, lake ecosystem, and ethnic identity.
The official expressed his hope the group will study the area for future investment, and work to develop high quality tourism products. VinaCapital Group, a leading real estate investor in Vietnam, has so far implemented projects in 11 provinces and cities across the country.
At the meeting, a series of investment opportunities were tabled, including the construction of a resort complex on Hoa Binh Lake, a 4-star standard hotel in Hoa Binh city, and a garden resort, among others.
Chairman of the provincial People’s Committee Bui Van Khanh pledged favourable conditions for investors in terms of administrative procedure and incentives./.
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.
