(HBO) - In the first two months of this year, Hoa Binh province had 40 new enterprises and one project got investment proposal greenlighted.
Bigfa joint Stock Company in Luong Son Industrial Park.
As of the end of February, a total of 728 projects with non-State budget investment had been approved and are still in operation, including 37 foreign investment projects with a total registered capital of about 608 million USD and 691 domestic investment projects with a total registered capital of nearly 183.5 trillion VND (7.79 billion USD). By now, the total number of investment projects in industrial parks of the province is 105 projects including 24 foreign direct investment ones with a total registered capital of 519.31 million USD and 81 domestic investment projects with a total registered capital of over 15.77 trillion VND.
In February, the province saw 19 newly established enterprises. So far this year, it has had 40 new enterprises with a total registered capital of 409 billion VND.
In the first two months of the year, the province had 10 enterprises dissolved and 55 enterprises registered to operate again./.
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.
