(HBO) - In 2021, the Party Committee and People's Committee
of Hoa Binh province focused on investment promotion activities, while
strengthening coordination in handling administrative procedures, implementing
many solutions to improve the business environment, and helping remove
difficulties for businesses and investors, especially those affected by the COVID-19
pandemic. As a result, the business and investment environment continued to be
improved while and investment attraction and development of businesses saw good
results.
In 2021, many businesses in the province made efforts to
overcome difficulties to promote production and business, and stabilise jobs
for workers. (Photo taken at Ho Guom Group’s Tan Lac branch garment factory).
In December, the whole province had 43 newly-established
enterprises with a registered capital of 820.7 billion VND, and four resumed
operations.
With this result, in 2021, 415 enterprises with a total
registered capital of 14.68 trillion VND were established, up 14 percent in the
number of firms and 15.9 percent in capital. During the year, nearly 130
enterprises registered to suspend production and business activities, 42
enterprises voluntarily dissolved, and 99 businesses returned to the market.
At present, Hoa Binh has about 4,180 operating enterprises
with a total registered capital of nearly 60 trillion VND./.
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.
