HBO - As many as 100 businesses were established in the northern province of Hoa Binh in the first three months of this year with a total registered capital of 3 trillion VND (129.5 million USD). The figures represented year-on-year rises of 11.2 percent and 20 percent, respectively.
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BanDai Vietnam Company operates smoothly, generating jobs for
hundreds of local labourers.
Statistics showed that 10 businesses registered
to open branches and representative offices. The province granted business
registration certificates for 264 enterprises. Forty firms registered to halt
operation while eight others voluntarily dissolved.
The province continued stepping up the
arrangement and reform of businesses in addition to completing procedures to
equitise road sections and public non-business units as regulated.
In January-March, the province had five new
cooperatives and three cooperative groups.
So far, it is home to one cooperative union, 315
cooperatives (including 281 active ones), and 262 cooperative groups
(encompassing 257 active ones)./.
According to data from the Hoa Binh Provincial Party Committee, the industrial production index for the first six months of 2025 is estimated to have increased by 20% compared to the same period last year. This marks the highest year-on-year growth rate for this period since 2020.
In the first six months of 2025, Hoa Binh province’s export turnover was estimated at 1.145 billion USD, marking an 18.11% increase compared to the same period in 2024. Import turnover was estimated at $ 804 million, a 17.15% increase, which helped the province maintain a positive trade balance.
The lives of the ethnic minority farmers in Tan Lac district have gradually improved thanks to the new directions in agricultural production. This is a testament to the collective strength fostered through the professional associations and groups implemented by various levels of the district’s Farmers’ Union.
With the motto the "product quality comes first,” after nearly one year of establishment and operation, Muong village’s Clean Food Agricultural and Commercial Cooperative, located in Cau Hamlet, Hung Son Commune (Kim Boi district), has launched reputable, high-quality agricultural products to the market that are well-received by consumers. The products such as Muong village’s pork sausage, salt-cured chicken, and salt-cured pork hocks have gradually carved out a place in the market and they are on the path to obtaining the OCOP certification.
In the past, the phrase "bumper harvest, rock-bottom prices" was a familiar refrain for Vietnamese farmers engaged in fragmented, small-scale agriculture. But today, a new spirit is emerging across rural areas of Hoa Binh province - one of collaboration, organisation, and collective economic models that provide a stable foundation for production.
Maintaining growing area codes and packing facility codes in accordance with regulations is a mandatory requirement for agricultural products to be eligible for export. Recently, the Department of Agriculture and Environment of Hoa Binh province has intensified technical supervision of designated farming areas and packing facilities to safeguard the "green passport" that enables its products to access international markets.
