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.
Accordingly, many potential investors have come to the province. According to data from the Provincial People's Committee, in 2023, development investment capital in the province is estimated to reach 26,155 billion VND, an increase of 7,745 billion VND compared to year 2022.
In 2023, Hoa Binh province had 45 off-budget capital investment projects approved with investment policies with a total registered investment capital of about 20,000 billion VND. 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.
Lac Thuy district of Hoa Binh has recognised the importance of handicrafts and rural industries in the agricultural economy, contributing to improved living standards and poverty reduction. Sustainable growth in these industries has facilitated the restructuring of agricultural production and labour, moving towards industrialisation and modernisation.
Deputy Minister of Construction Nguyen Viet Hung chaired a meeting in Hanoi on December 23 to assess a proposal on recognising Hoa Binh city as a tier-2 urban area under Hoa Binh province. Attending the event was Vice Chairman of the provincial People’s Committee Nguyen Van Chuong, Secretary of the Hoa Binh City Party Committee Nguyen Van Thang, as well as leaders from various departments and the Hoa Binh City People's Committee.
Agricultural production based on value chains is recognised as a sustainable approach that improves production efficiency and raises farmers' and businesses' incomes. Many enterprises and agricultural cooperatives in Hoa Binh have applied high-tech methods to production, linking their efforts to building value chains for their products.
In mid-December, the landscapes of many neighbourhoods and villages in Tan Lac district come alive with vibrant colours and bustling activity as pomelo orchards enter peak harvest season.
The provincial Cooperative Union (CPU) has just organized a conference to promote supply and demand outside the province and display the typical cooperative products of Hoa Binh province in Hanoi. There was the attendance of the leaders from the departments, branches, the provincial CPU, and the representatives of the cooperatives from 10 districts and the city. There was also the attendance of Hanoi city’s representatives of the city CPU and 22 enterprises and cooperatives in Hanoi.
The Cao Phong orange has emerged as a shining example of sustainable agricultural development in Hoa Binh province, distinguished as the first and only locally produced agricultural product to receive a geographical indication certification. Renowned for its thin skin, juicy flesh, and delicate sweet flavour, the fruit has won the heart of consumers for years. Local farmers have made their efforts to cultivate environmentally friendly and consumer-safe products, creating a stable and sustainable brand identity.
