The People’s Committee of Hoa Binh province on November 29 had a working session with businesses and investors from China, Hong Kong (China), and Singapore who came to learn about business and investment opportunities in the locality. Vice Secretary of the provincial Party Committee and Chairman of the People’s Committee Bui Van Khanh chaired the session.
Vice
Secretary of Hoa Binh’s Party Committee and Chairman of the People’s Committee
Bui Van Khanh speaking at the working session.
The delegation gathers representatives from
20 enterprises that want to explore investing in high-tech parks to serve the
needs of international market development through the construction of research and
development, and production development centres.
They showed their interest in investing in
high-tech industrial parks, and in the fields of construction, logistics, and
high technology. They also expressed their hope to receive information on land
and land rental prices, preferential policies, and payment and contract signing
methods, taxes and tax refund policies for businesses, project construction
deadlines, and accommodation conditions for foreign experts working in Hoa Binh
province.
Speaking at the event, Khanh gave investors
an overview on industrial parks in the province. He affirmed that Hoa Binh is
always ready to support and accompany businesses and investors.
The leader assigned departments and sectors to
coordinate with investors to provide information on the province's potential
and strengths, and investment procedure samples for them to continue to study.
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.
