(HBO) - Despite various challenges in 2021, registered investment saw a remarkable increase in projects’ capital. Projects commencing operation are on the rise, while those with delays or failures in implementation have been screened for withdrawal. Business environment in the province shows increasing improvements.

Enterprises
in Luong Son industrial park adopted safe adjustments to the "new normal”.Photo
taken at Midori Apparel Viet Nam Hoa Binh Company Limited.
The Provincial People’s Committee
has issued several documents in directing the improvement of the businessenvironment and boosting competitiveness of the province. Notably, a directive
was promulgated to implement the government’s Resolution No.02/NQ-CP 2021 in
further improving the business environment and national competitiveness. This
directive assigned concrete work to subordinate agencies in order to improve
Provincial Competitiveness Index (PCI). The Committee set up a group working on
investment projects of critical importance or utilizing extra-budgetary funds,
a special group tackling difficulties for enterprises, cooperatives and people
affected by the pandemic COVID-19. A commission was established to ensure
recovery of industrial production in the light of measures to contain the
pandemic.
Improvements in the businessenvironment have brought positive signs of investment attraction in 2021, said
Nguyen Van Phuc, Director of the Department of
Planning and Investment. 44 new projects were approved. Among those 29 projects
with total investment of 32,920 billion VND, 7 projects with total investment
of 1,029 billion VND, 8 projects with total investment of around 300 billion
VND were recommended by the Department of
Planning, and Investment, Department of Commerce and Industry, Industrial park
management board, respectively.
The Provincial People’s Committee
has instructed relevant agencies to closely supervise the projects in order to
timely remove obstacles or withdraw those far behind committed schedule or no
longer feasible. 41 projects were terminated, 3 others halted due to violations
of the Investment Law.
The Committee has focused on solutions to improve business environment and
investment attraction, including: improving efficiency of state agencies in
investment attraction; enhancing collaboration among relevant agencies of all
sectors and levels to smoothly complete administrative procedures, namely
investment approval, land-use certificate granting, construction, etc. The
Committee also decided to adopt the Districtand Department Competitiveness Index (DDCI) and conduct an annual survey for satisfaction level of businesses and people
with state management agencies, with a view to achieve a rating of above 95%./.
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.