In recent years, the Provincial Party Committee and People's Committee of Hoa Binh province has focused on leading and directing the implementation of administrative reform tasks, focusing on perfecting administrative institutions, creating a fair and transparent competitive environment, favorable to attract investment. There have been a lot of potential investors coming to Hoa Binh province.
In 2023, Hoa Binh province had 45 capital investment projects outside the state budget with a total registered investment capital of about 20,000 billion VND. Currently, there are 760 projects in Hoa Binh province; including 36 foreign direct investment projects with total registered capital of about 608 million USD and 724 domestic investment projects with registered capital of about 275,000 billion VND.
In Lac Thuy district, communes have been succeeded in promoting their One Commune-One Product (OCOP) products while others are still struggling to position their typical farming products in market. Some communes in the district still fail to have their products met OCOP programme’s requirements, while others have seen their certifications expired.
The inspectorate agency of Hoa Binh province has issued Official Dispatch No. 1090/TTr-PCTN to provincial departments, agencies, localities, business associations, enterprises, and investors regarding measures to improve informal component indexes of the Provincial Competitiveness Index (PCI).
Hoa Binh is taking concrete steps to improve its investment environment, with a strong focus on supporting businesses, settling obstacles for strategic investors, and creating opportunities for robust development in the coming years.
Under the blazing early summer sun, the construction site of Nhuan Trach Industrial Park (IP) in Luong Son district is abuzz with activities from dawn to dusk, a testament to the determination of the investor to meet their construction targets on schedule.
