(HBO) - With the consistent stance of accompanying the development of investors, Hoa Binh province is implementing specific measures to improve the business environment, and provide practical support for enterprises and investors in researching and carrying out investment projects in the fields of eco-tourism, agriculture and industry associated with urban development.
Over the past years, Hoa Lac - Hoa Binh road has made an important contribution
to the province’s investment attraction.
The province has drastically directed many
solutions to improve the business environment, with focus on administrative
reform to increase the validity and effectiveness of the State management
apparatus; paid attention to building an administration which always
accompanies enterprises in order to maximise resources for investment in
development; and actively worked with ministries, sectors and agencies to take
advantage of their support in investment-related mechanisms and policies.
In addition, Hoa Binh has directed to cut 30% of
the time to handle administrative procedures and improve the role of the Centre
for Trade, Investment and Tourism Promotion. It has regularly met and held
dialogue with investors to help them remove difficulties and obstacles in
implementing projects; strengthened inspection and supervision and strict handled
any cases that cause troubles and harassment in the implementation of
administrative procedures related to enterprises and investors towards the goal
of creating substantive changes in the business environment. The province has
directed to review and revoke slow-progress projects to attract competent
investors that are suitable to the province's investment attraction criteria;
and prioritised investment in fields and areas to serve socio-economic
development.
With its potential and advantages and efforts by
local authorities to support investors, the province has seen great progress in
investment attraction. In 2022, Hoa Binh approved the investment of 75 domestic
projects with a total registered capital of about 35 trillion VND (1.47 billion
USD). Compared to the previous year, the number of licensed projects increased
by 31 projects, and the capital was equal to 102.2%.
To date, the province has attracted 729
projects, of which there are 37 foreign-invested ones totaling 608 million USD,
and 692 domestic ones totalling about 183 trillion VND. Local industrial zones
currently have 105 licensed investment projects, including 25 foreign-invested
ones with a total registered capital of 518.9 million USD, and 80 domestic ones
totaling nearly 14 trillion VND./.
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.
