HBO - As many as 100 businesses were established in the northern province of Hoa Binh in the first three months of this year with a total registered capital of 3 trillion VND (129.5 million USD). The figures represented year-on-year rises of 11.2 percent and 20 percent, respectively.
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BanDai Vietnam Company operates smoothly, generating jobs for
hundreds of local labourers.
Statistics showed that 10 businesses registered
to open branches and representative offices. The province granted business
registration certificates for 264 enterprises. Forty firms registered to halt
operation while eight others voluntarily dissolved.
The province continued stepping up the
arrangement and reform of businesses in addition to completing procedures to
equitise road sections and public non-business units as regulated.
In January-March, the province had five new
cooperatives and three cooperative groups.
So far, it is home to one cooperative union, 315
cooperatives (including 281 active ones), and 262 cooperative groups
(encompassing 257 active ones)./.
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.
