(HBO) - Since the beginning of the year, the COVID-19 pandemic has partly caused remarkable decreases in the number of projects as well as the amount of registered investment capital in Hoa Binh province.
In May, the province approved the investment plan for a
domestically-invested project with a capital of about 20 billion VND, and
adjusted investment plans for two others. In the first five months of this
year, the province approved investment plans for four domestically-invested
projects, with a total capital of 113.5 billion VND. The province now has 599
investment projects, of which 41 are foreign-invested totalling 595.5 million
USD and 558 are domestic ones worth 87.5 trillion VND.
R Technical Research Co., Ltd in Da River Left-bank
Industrial Park works on dual targets of pandemic prevention and control and
economic development and recovery.
Also in May, there were 53 newly-established businesses with
a combined registered capital of 1.14 trillion VND, 15 businesses registering
to suspend production and business activities, and five dissolving voluntarily.
In the month, the province also granted additional or changed contents of
registration licences to 114 businesses.
The provincial People’s Committee has closely directed
departments, districts and Hoa Binh city to get updated on difficulties and
aspirations of enterprises, support and guide them to overcome these
difficulties./.
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.
