(HBO) – As part of efforts to realise the Resolution of the 12th National Party Congress and the resolution issued at the 16th provincial Party Congress which clarifies that businesses is the motivation for the economic development, over the years, Hoa Binh has created best conditions for the promotion of startup, creating smooth business and investment environment for them, while accompanying them during their operation, thus contributing to realising the goal of boosting the province’s growth in the integration period.
Bui Van Khanh, Chairman
of the People’s Committee of Hoa Binh and members of the working delegation
inspect the resettlement area of the Da River’s left bank industrial park in
Hoa Binh city.
Thanks
to the drastic direction of the province, over the years, the local business
community has expanded in both quality and number. The structure, scale and
operation areas of businesses have seen positive progress, suitable to the
economic structure transformation of the province.
The
key role of businesses in economic development has been affirmed, which has
contributed to completing the province’s socio-economic development.
Currently,
the province has had over 3,000 companies, mostly small and medium in size.
As
of September, the province had hosted 568 projects, including 528
domestically-run projects worth over 69.3 trillion VND, and 40 FDI ones with
combined capital of 584 million USD.
Over
the years, the provincial Business Association has showed active performance in
external relations activities, while calling on big businesses to introduce the
potential of the locality.
The
association has coordinated with local authorities to organise meetings and
dialogue with businesses to seek measures to deal with difficulties facing them
and support their production and business, contributing to transforming the
socio-economic structure of the province.
In
order to boost the growth of local entrepreneurs and help them catch up with
the Fourth Industrial Revolution, in the future, local authorities will help
the local business community to grasp opportunities, understand policies of the
Party and State in business and production and apply advance technology to
enhance the productivity and quality of their products./.
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.
