According to the report of the Provincial People's Committee, from the beginning of the year to the end of October, in the whole province there have been 45 off-budget capital investment projects the investment policies of which has been approved with a total registered investment capital of about 20,000 billion VND. There have been 760 projects in the provincen so far; there are 36 foreign direct investment projects with a total registered capital of about 608 million USD and 724 domestic investment projects with a total registered capital of about 275,000 billion VND.

GGS Vietnam Co., Ltd. is a 100% foreign-invested
enterprise, producing and doing business effectively in the industrial park of
the left bank of Song Da (Hoa Binh City).
There are 5 new projects investing in the industrial
parks. The revenue from the production and business activities of the
enterprises in the industrial parks is estimated at 22,000 billion VND,
increasing 6% compared to that of the same period last year, reaching 100% of
the assigned plan; creating new jobs for 1,300 local people.
In addition, since the beginning of the year, there
have been 440 newly registered enterprises with a total registered capital of
5,200 billion VND in the whole province; Compared to the same period last year,
the number of new businesses decreased by 8.71%, the registered capital
decreased by 45.2%. There are 200 enterprises registered to temporarily suspend
production and business activities; 950 businesses temporarily suspended
operations without registration or awaiting dissolution; 160 businesses
returned to the market. Accumulated up to now, it is estimated to have 3,500
businesses operating in the economy in the whole province. The business
innovation arrangement continues to be implemented as planned.
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.