(HBO) – Hoa Binh Clean Water joint Stock Company is conducting State capital divestment. Most of the share offering sessions have attracted particular interest from investors. So far, the company has divested 60 percent of the State shares and the process is expected to be completed in 2018.
Workers of the Hoa Binh Clean Water joint Stock Company are
operating a pumping station in the left bank of Da River in Hoa Binh city.
In March 2009, the provincial People’s Committee issued Decision No.539/QD-UBND
approving the transfer of Hoa Binh Clean Water one member limited liability
company to Hoa Binh Clean Water joint Stock Company.
After conducting equitisation, the company had sold its shares at preferential
prices to employees. Each share is worth 10,000 VND. However, the number of
officials and workers holding shares was inconsiderable (less than one
percent).
The company is operating under the business registration certificate No.
5400108279 and has raised its chartered capital for the third time to over 66.7
billion VND from 61.1 billion VND after the assets of water plants in Lac Thuy
and other districts were merged into the company’s State capital.
It is mainly active in the field of clean water supply, treatment and
exploitation. Key services include providing clean water for households and
production businesses in Hoa Binh province.
Since 2005, the company has provided water bottles of 0.5 liters and 19 litres.
It also installed and repaired water supply facilities to meet the demand of
locals.
Its revenues in 2017 reached over 55.19 billion VND (2.3 million USD),
including 48.88 billion VND (2.08 million USD) from clean water or 88.56
percent of the total, and 5.33 billion VND (227,812 USD) from installing and
repairing water pipes or 9.67 percent.
According to Chairwoman of the Board of Hoa Binh Clean Water joint Stock
Company Nguyen Thi Hoa said the company put nearly 6.8 million shares worth
66.8 billion VND (2.8 million USD) for sale on the Unlisted Public Company
Market (UPCoM) on July 18, 2018./.
Hoa Binh province’s economy posted an impressive Gross Regional Domestic Product (GRDP) growth rate of 12.67% in the first quarter of 2025, representing a 12.76% year-on-year increase, the highest rate recorded since the beginning of the current tenure, according to the provincial Statistics Office. This robust growth reflects years of strategic groundwork and sets a strong foundation for the province’s annual growth target of over 10%.
With a focus on cash crop farming with science - technology application and brand building, Lac Thuy district is gradually increasing production value, improving people's life quality, and laying the foundation for sustainable socio-economic development.
In recent years, the economic development model "Hoa Binh Earthworm Farm” run by Mr. Bui Van Dang in Co Giua Hamlet, My Thanh Commune (Lac Son district) has not only brought stable economic value but it is also environmentally friendly, helping to protect and reduce pollution, contributing to the construction of a green and sustainable agriculture.
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
