(HBO) - In the first three months of 2022, the Party Committee and People's Committee of Hoa Binh province directed relevant departments, sectors and People's Committees of districts and Hoa Binh city to continue stepping up investment promotion activities, strengthening coordination in handling administrative procedures, implementing solutions to improve the business environment and removing difficulties for enterprises and investors.
Photo: Antona joint Stock Company (Luong Son Industrial
Park) specialising in manufacturing technical equipment and child toys has gone
into stable production, helping to create jobs for local workers.
In Q1, the province saw 130 newly-established enterprises
with a total registered capital of about 3.3 trillion VND (143.88 million USD);
equal to the number registered in the same period last year, but up 2.5 percent
in capital.
There were 35 enterprises registering new branches and
representative offices; and 230 others changing or supplementing the content of
business registration certificates. However, during the period, 95 firms
registered to suspend production and business activities and 10 others
voluntarily dissolved.
Also in this period, the province approved investment plans
for 17 domestic projects with a total registered capital of over 6.14 trillion
VND, 8.5-fold and 114-fold rises compared to the same period last year,
respectively./.
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.
Amid efforts to streamline the administrative apparatus, Hoa Binh province has intensified measures to address challenges in land clearance, resettlement support, and infrastructure investment, aiming to speed up the progress of key projects.
Hoa Binh province has posted an unprecedented economic growth rate of 12.76% in the first quarter of 2025, marking its highest quarterly performance to date and positioning it as the second fastest-growing locality in the country, trailing only Bac Giang province.
Under current regulations, products in the One Commune – One Product (OCOP) programme that are rated three stars or higher must undergo re-evaluation every three months. However, in reality, some of these products fail to consistently meet the required standards, raising concerns about the sustainability of their OCOP certification. This underscores the urgent need for producers to enhance product quality and gradually develop their OCOP products into strong, marketable brands.
In 2019, the "One Commune, One Product" (OCOP) programme took root in Yen Thuy district. At the time, local products lacked branding, packaging, and labels, mostly sold in raw form through small-scale distribution. However, amid these challenges was a crucial advantage: farmers' willingness to change, experiment with standardised processes, and learn to package and price products based on value, not just weight.
Once barely visible on the northern region’s tourism map, Hoa Binh province welcomed 4.3 million visitors last year, generating a tourism revenue of nearly 4.74 trillion VND (USD), according for 31% of its GDRP. Beyond mere statistics, the milestone demonstrates that tourism and services have become new growth engines for the locality.
