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Determining that attracting investment is an important task in the socio-economic development, in recent years, Hoa Binh province has implemented many specific solutions to improve the environment of the business investment and supported in overcoming the difficulties for the businesses and investors, promoting the investment attraction into the province.
In 2023, there were 37
off-budget capital projects approved by the province with a total registered
investment capital of about 12,600 billion VND. At the same time, there were 30
projects whose investment policies were adjusted; 10 projects were terminated
and 5 projects were temporarily suspended.
Being accumulated by the
end of 2023, there were 708 projects in the province, including 37 projects
with the foreign direct investment with a total registered capital of about 668
million USD and 671 projects with the domestic investment with a registered
capital of about 668 million USD. 250,000 billion VND; There were 5 new
projects investing in the industrial parks.
The projects put into
operation have not only created jobs for the local employees but they have also
contributed to the economic restructure, making important contributions to the
province's budget revenue. In 2023, the revenue from production and business
activities of the enterprises in the industrial parks was estimated to reach
22,000 billion VND, increasing 6% compared to the same period last year,
reaching 100% of the assigned plan; creating new jobs for 1,760 people.
After more than four years of implementing a project launched by the Hoa Binh Party Committee’s Standing Board on developing agriculture and promoting product consumption linked with building new-style rural areas for the 2021-2025 period, the province’s industry and trade sector has made significant strides, greatly contributing to local socio-economic development.
Luong Son district has identified 2025 as the year for the accelerated breakthrough to successfully implement the socio-economic development plan for the 5-year period from 2021 to 2025. The district has been focusing on executing the plans and trying to achieve a GRDP growth rate of approximately 15%.
Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.
Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.
Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.
As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.
