(HBO) - In the first two months of this year, Hoa Binh province had 40 new enterprises and one project got investment proposal greenlighted.
Bigfa joint Stock Company in Luong Son Industrial Park.
As of the end of February, a total of 728 projects with non-State budget investment had been approved and are still in operation, including 37 foreign investment projects with a total registered capital of about 608 million USD and 691 domestic investment projects with a total registered capital of nearly 183.5 trillion VND (7.79 billion USD). By now, the total number of investment projects in industrial parks of the province is 105 projects including 24 foreign direct investment ones with a total registered capital of 519.31 million USD and 81 domestic investment projects with a total registered capital of over 15.77 trillion VND.
In February, the province saw 19 newly established enterprises. So far this year, it has had 40 new enterprises with a total registered capital of 409 billion VND.
In the first two months of the year, the province had 10 enterprises dissolved and 55 enterprises registered to operate again./.
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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