(HBO) – Located on a hill in Hoa Nghia Ward, Hoa Binh City, Hoa Binh Biopharm JSC has actively applied science in agriculture, especially medicinal herb farming.
The firm was established in July 2013 and a few months later in
2014, it took a brave step to start a study on multiplying and cultivating
cordyceps on organic substances.
On April 10, 2014, it received Certificate No.1/DNKH from the
provincial Department of Science and Technology recognizing it as a company of
science and technology, the first of its kind in the province.
Since then, the department has been creating many opportunities
for the firm in its research and development.

Workers
of Hoa Binh Biopharm JSC tend cordyceps.
The firm’s director Dang Thi Phuong Hao said that the company has
completed the study on multiplying and cultivating cordyceps on organic
substances in May 2015; and its findings were verified and recognised by the
provincial science council. Since then, the company produced hundreds kilogrammes
of fresh cordyceps every year to supply for the production of medicine and
supplementary foods in some domestic pharmaceutical enterprises.
Hoa Binh Biopharm also has its own cordycep products which were
tested on guinea pigs at the Hanoi Medical University and proven to be safe for
human.
The company has been conducting various studies on multiplying and
cultivating several indigenous orchids, morinda officinalis, solanum
procumbens, Yacon, golden eye-grass, jiaogulan, Ming aralia, and dioscorea
hamiltonii./.
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.