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.
Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.
Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.
The Hoa Binh provincial People's Committee has issued Decision No. 2767/QD-UBND announcing the rankings of departments, agencies, districts and Hoa Binh city in the Public Administration Reform Index (PAR) and the Satisfaction Index of Public Administration Services (SIPAS) in 2024.
The cultivation of Dam Xanh fish (Bangana lemassoni), a unique fish species, has seen remarkable growth in Mai Chau district, thanks to its high economic value and effectiveness. Initially concentrated in Van Mai commune, farming has now extended to four other communes, namely Mai Hich, Mai Ha, Chieng Chau, and Son Thuy. These areas benefit from pristine underground water flowing from mountain crevices, providing ideal conditions for raising this specialty fish.
In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.
In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.
