The garment factory of Sungilgina Import-Export Co., Ltd. based in Thanh Hoi commune, Tan Lac district creates jobs for 400 labourers.

In 2019, there were 416 new business households, bringing the total to over 37,000 by the end of 2019. By late 2019, the province had 570 projects, including 39 FDI ones which had a combined investment of 573.2 million USD and registered land use of 425 hectares, and 531 domestic ones that had a total investment of 69.3 trillion VND and registered land use of over 37,500 hectares.

Last year, there were 400 newly-registered enterprises and 234 new branches and representative offices, with a total capital of nearly 8.5 trillion VND, down 12 percent in number and up 25.4 percent in capital compared with those of 2018. Last year, the province withdrew registration certificates of 43 businesses and 68 affiliated units, while 127 suspended operation, 102 registered to resume activities, and 29 dissolved voluntarily.

This year, Hoa Binh set targets of having 500 new enterprises and 50 new cooperatives, and the number of enterprises and cooperatives operating effectively increasing by 200 percent compared to that of 2015.

To that end, the provincial Party Committee and People’s Committee focus on directing departments, sectors and local authorities to improve the business environment and regularly organise dialogues to help businesses and investors solve difficulties.

Attention will be paid to stepping up administrative reform, with the focus on renovating administrative procedures, reducing the duration of granting business and cooperative registration certificates, and market entry procedures.

The province will also take measures to encourage and support the establishment and development of businesses, while intensifying investment in infrastructure construction, stepping up the disbursement of investment in projects and programmes using State budget and Government bonds, and national target programmes, thus contributing to increasing the consumption of construction materials in the locality.

Businesses and cooperatives are required to boost restructuring; improve their business governance to well manage production, business and product consumption phases; and support each other during the operation process to reduce business costs.

They are asked to obey legal regulations and strive to fulfil the 16^th provincial Party Congress’s resolution of doubling the number of well-performing enterprises and cooperatives./.

Related Topics

Public investment fuels infrastructure breakthroughs in Hoa Binh's transformation journey

Public investment paves way for breakthrough development in Hoa Binh

Hoa Binh tourism is estimated to welcome over 3 million visitors

Total policy credit outstanding balance reaches over 5,670 billion VND

---

Six-month industrial production index estimated to rise 20%

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.

Exports exceeded 1.1 billion USD in 6 months

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 effectiveness of professional models of association and group in Tan Lac district

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.

Building the brand of Muong village clean food

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.

Hoa Binh ethnic farmers join forces through collective economic models

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 farming area codes: Key to bringing Hoa Binh farm produce to global market

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.