(HBO) - To improve the business and investment environment and the provincial competitiveness index, in recent years, the provincial centre for investment, trade and service promotion has promoted administrative reforms; and inspected and supervised IT application in processing administrative procedures.
At the provincial public administration service centre.
According to director of the centre Pham Anh Quy, to create an open,
transparent and favourable investment environment for investors, the standing
board of the provincial Party Committee issued Resolution No. 02/NQ-TU dated
May 31, 2021 to promote the role of the centre, and develop it into a focal
point for providing guidelines and supporting investors that are interested in
investing in the locality.
The centre has focused on strengthening investment promotion and creating
optimal conditions for investors to implement their investment projects in the
Hoa Binh, while proposing measures to remove difficulties facing businesses and
investors towards attracting more investment inflows into the locality.
It has aid attention to supporting enterprises, cooperatives, organisations and
individuals in developing production and business, seeking partners, and
expanding consumption markets.
The centre has issued an annual and phased investment promotion programme. It
has also worked on research and assessmentof market potential, investment
demand and trend, and issues related to investment partners.
Since 2016, the centre has provided information and introduced investment
opportunities and policies for over 240 enterprises and investors, including
big firms such as Vingroup and FLC group.
Quy said his agency has also focused on developing database and renovating the
form of promotion activities so as to improve the investment environment and
remove difficulties related to administrative procedures facing enterprises./.
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.
