(HBO) – External relations of Hoa Binh province are being expanded and developed in a substantive and effective manner, helping mobilise and capitalise on resources for sustainable socio-economic development as in line with the resolution of the 17th provincial Party Congress (2020 - 2025 tenure). The province has held many meetings and working sessions with partners and organisations in and outside the province to bolster investment cooperation.
The Japanese-invested Bandai Vietnam Co. Ltd, based in
the Da River Left Bank Industrial Park of Hoa Binh city, has been operating
stably and providing jobs for a large number of local residents.
In mid-July, the provincial Party Committee and
People’s Committee in coordination with the Vietnamese Embassy in Thailand
organised an investment, trade and tourism promotion conference in Bangkok,
Thailand. This conference, the first Hoa Binh province had ever held in
Thailand, attracted the participation of many Thai organisations and
associations.
Also in July, a provincial delegation paid a
working visit to Tuv province of Mongolia to discuss cooperation in various
areas and help the two sides’ businesses explore partnership opportunities.
Enterprises of Hoa Binh expressed their hope to cooperate with Tuv in tourism;
export wood items and farm produce such as medicinal materials, essential oil,
oranges, and pomelos to Mongolia; and import goat and horse meat, mutton,
materials and products made from animal pelts and hides from this country.
Over the recent past, the provincial Party Committee
and People’s Committee have led and directed the concerted, creative, and
effective implementation of activities to enhance external relations in order
to attract investment and garner resources for socio-economic development.
Thanks to that, Hoa Binh’s solidarity, friendship, and cooperation with foreign
countries have been increasingly expanded and strengthened, thus generating
practical benefits.
Hoa Binh is implementing commitments and
agreements with such foreign localities as Luang Prabang and Houaphanh
provinces of Laos, Tuv province of Mongolia, Gimje city of Jeollabuk province
and Ulju district of Ulsan city in the Republic of Korea (RoK). All the
agreements are in line with Hoa Binh’s orientations for socio-economic
development and international cooperation expansion.
External economic activities have substantially
contributed to the shift in the local economic structure.
At present, there are 65 exporting and importing
enterprises in the province, comprising 17 trading in electronics, 20 in
textile and garment, two in metal products, nine in farm produce, and 17 in
other commodities.
Meanwhile, Hoa Binh is currently home 731
investment projects, including 37 foreign direct investment (FDI) ones worth 608
million USD and 694 domestic ones worth almost 201.8 trillion VND (8.4 billion
USD). Foreign enterprises, especially those from Japan and the RoK, are
recording fruitful production and business activities, thereby greatly
contributing to the province’s exports, State budget collection, and job
creation for locals.
There are currently 12 programmes and projects
funded with official development assistance (ODA) in the province, including
eight being implemented and four calling for ODA. Their total investment is estimated
at over 12 trillion VND.
Besides, Hoa Binh also houses 39 programmes and projects of
16 foreign non-governmental organiations, development cooperation agencies, and
sponsors. With 31.77 million USD in committed capital, they are carried out
mainly in the areas with socio-economic disadvantages, focusing on rural
development, health care, education, clean water supply, environmental hygiene,
and social affairs.
Implementing the Party’s policies on external
relations, Hoa Binh has proactively established relations and reinforced
cooperation with many international organisations so as to attract investment,
call for assistance, popularise the province’s images, and promote its stature
in the eyes of domestic and international friends./.
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.
