(HBO) – The People’s Committee of Hoa Binh reported that in the first quarter of 2023, provincial departments, sectors and localities exerted great efforts in the development of enterprises, collective economy and investment promotion. As a result, the locality saw the establishment of 100 new businesses with total registered capital of about 2 trillion VND (85.08 million USD).
Bigfa JSC in Luong Son Industrial Park, which specializes in
producing pharmaceutical and cosmetic products, has created jobs for hundreds
of local workers.
Investment attraction activities also received great attention. In the first
three months of this year, the province approved the investment policy of seven
domestically-invested projects with combined capital of 611.4 billion USD, a
surge of 58.3% in project number and 124.4% in value.
To date, the province has hosted 730 projects, including 37 foreign direct
investment projects with total registered capital of 608 million USD and 693
domestically-invested projects worth about 184.6 trillion USD.
Local industrial parks are accommodating 105 valid projects. Revenue from
production and business activities in the first quarter of enterprises in local
industrial parks was estimated at 5.28 trillion, up 9.32% over the same period
last year./.
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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