(HBO) – Hoa Binh province has taken drastic, strong solutions to push ahead with the disbursement of public investment, and speed up the implementation of important projects, especially those on infrastructure.
The road linking National Highway 6 with
Chi Lang Road in Hoa Binh city opens up new urban development space and helps
to spur local socio-economic development.
The investment capital sourced from the State
budget and assigned by the Prime Minister to Hoa Binh this year stands at 4.48
trillion VND (190.17 million USD). Meanwhile, the amount approved by the
provincial People’s Council is 5.24 trillion VND, which has been allocated to
projects.
As of October 31, 2022, some 2.25 trillion VND
in public investment had been disbursed, completing 51% of the target set by
the PM.
Apart from effectively using the State budget,
the province has mobilised capital sources for key infrastructure projects,
with priorities given to major areas, inte-regional transport infrastructure,
rural transport, infrastructure at industrial parks and clusters, urban areas
and tourist destinations.
Under the strategy on the development of
industrial parks and clusters in Hoa Binh province for 2021-2030 with a vision
towards 2050, the locality will have eight industrial parks with a total area
of over 1,507 hectares.
There will be four new industrial parks in Cao
Phong, Yen Thuy, Lac Son and Da Bac districts, covering 1,493 hectares, raising
the total number to 12 with a combined area of around 3,000 hectares.
Since the beginning of this year, Hoa Binh has
counted 722 valid projects that do not use the State budget, of which 37 are
foreign-invested worth 608 million USD, and 685 are invested by domestic firms
with 180.58 trillion VND./.
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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