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.
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.
