(HBO) – Being aware of their potential, advantages and even weaknesses, localities in Hoa Binh province are rolling out the red carpet to attract more investors with a determination to create a favourable, safe and reliable environment for businesses.
Lac Thuy joint Stock Company of Duc Giang Corporation
(Lac Thuy) is quickly put into operation, generating jobs for over 1,000
labourers.
At a meeting of the provincial Party Committee’s Standing
Board in January, Ngo Van Tuan, member of the Party Central Committee and
Secretary of the provincial Party Committee, stressed positive developments in
several localities when the provincial Party Committee, local authorities, and
relevant organisations joined hands in speeding up ground clearance to support
enterprises.
According to him, ground clearance is the most important
link to increase the efficiency of investment attraction. Of great note, some localities have taken the initiative in
carrying out measures to improve the efficiency of ground clearance so as to
better the investment environment and attract more resources for socio-economic
development.
Lac Son district is a good example, reflected through the
Canh Tang reservoir project. The project, invested by the Ministry of
Agriculture and Rural Development, has a total investment of 3.1 trillion VND
(134 million USD). To carry out the project, the province was assigned to carry
out compensation and resettlement for 652 households with the total area of
land that needs to be cleared being 1,238ha. The district has mobilized the entire political system to
effectively carry out the ground clearance.
Nguyen Ngoc Diep, Secretary of the district Party Committee,
said that the district is determined to perform well the task in order to
attract investors, to compensate for the locality’s disadvantages, especially
in the geological position and the road transport system.
Lac Thuy district counts 54 investment projects with total
registered capital of around 18.03 trillion VND. It has been able to attract
strategic investors and lure major projects thanks to drastic actions in
improving the investment climate, particularly in site clearance.
Investors said the available of clean land has shortened the
time needed to put projects into operation, which created special
attractiveness for Lac Thuy over the past years. During project implementation, all-level Party Committees
and authorities have helped to remove difficulties facing investors, and worked
as a bridge between investors and people. Slow land clearance cause many projects to delay and be
rescheduled. The main reason for the problem is that businesses and local
residents could not reach consensus on the compensation plan.
Such bottlenecks need the involvement of the entire
political system and relevant units to be handled. "People sometimes ask for high compensations as they think
that enterprises can afford high prices that even amount to 2 billion VND per
ha,” a businessperson said on condition of anonymity.
"However, after being explained by district officials, they
are aware of benefits generated by the projects such as job generation, higher
income, momentum for local socio-economic development, and State budget
contribution,” the businessperson said, adding that locals agreed with the
compensation plan at last.
In an effort to attract investments, the province has rolled
out uniform mechanisms and policies. To assist investors, leaders of the
provincial People’s Committee personally instructed the settlement of problems
emerging during the implementation of major, important projects. The provincial centre for investment, trade and tourism
promotion, and relevant departments and agencies have also helped enterprises
with legal procedures.
During dialogues with investors, local leaders affirmed
their support to investors, from survey to project building, implementation and
operation, which has been realised with high political resolve. /.
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.
