(HBO) – Amid complicated developments in the world and domestic economic situations, Hoa Binh province has been implementing many solutions, creating favourable conditions and gradually ensuring the sustainable development of the business community and entrepreneurs.
Bui
Van Khanh, Deputy Secretary of the Hoa Binh Provincial Party Committee,
Chairman of the provincial People's Committee and other leaders of agencies
visit CAP Global Co. Ltd. at Luong Son Industrial Park
There were 4,296 enterprises in the province by the end of last
year. Half of them (2,143 enterprises) were engaged in the industry and
construction sectors. Commercial and service firms (1,679) accounted for 39.1%
while agricultural, forestry and fishery enterprises (312) made up 7.3%. Those
of other sectors accounted for 3.8%. These businesses have contributed to
helping thousands of people have stable jobs. Most of the enterprises are small- and micro-sized enterprises. They contribute
over 2.3 trillion VND (97.3 million USD) to the State budget per year.
In addition to limitations related to the scientific and technical level,
enterprises also faced many hurdles as the consumption market has not improved
much. It is still difficult for them to implement some supporting mechanisms
and policies of the Government.
Slow administrative reform in the fields of investment, construction and land
has caused many businesses to miss their investment opportunities, while others
have faced difficulties relating to land compensation and site clearance.
A lot of leaders of enterprises haven’t undergone training relating to
financial and human resource management, marketing and business strategy
building. Some investors still lack financial capacity and do not have high
responsibility for the projects' implementation.
To facilitate enterprises’ performance, in the coming time, Hoa Binh will
continue to adopt solutions to improve the provincial competitiveness index,
focusing on attracting investment. It will promote the development of infrastructure, especially in the field of
transport as well as the establishment of new businesses with credit and tax
incentives.
Administrative procedure reform will be sped up along with the application of
information technology in management. Commercial banks will be asked to handle shortcomings, especially bad debts so
that businesses can access loans and generate jobs.
Hoa Binh will strengthen the management of basic construction investment,
accelerate the disbursement of investment capital for projects which are funded
by the State budget and national target programmes, and contribute to
increasing the sales of construction materials produced in the province./.
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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