According to the report of the Provincial People's Committee, from the beginning of the year to the end of October, in the whole province there have been 45 off-budget capital investment projects the investment policies of which has been approved with a total registered investment capital of about 20,000 billion VND. There have been 760 projects in the provincen so far; there are 36 foreign direct investment projects with a total registered capital of about 608 million USD and 724 domestic investment projects with a total registered capital of about 275,000 billion VND.

GGS Vietnam Co., Ltd. is a 100% foreign-invested
enterprise, producing and doing business effectively in the industrial park of
the left bank of Song Da (Hoa Binh City).
There are 5 new projects investing in the industrial
parks. The revenue from the production and business activities of the
enterprises in the industrial parks is estimated at 22,000 billion VND,
increasing 6% compared to that of the same period last year, reaching 100% of
the assigned plan; creating new jobs for 1,300 local people.
In addition, since the beginning of the year, there
have been 440 newly registered enterprises with a total registered capital of
5,200 billion VND in the whole province; Compared to the same period last year,
the number of new businesses decreased by 8.71%, the registered capital
decreased by 45.2%. There are 200 enterprises registered to temporarily suspend
production and business activities; 950 businesses temporarily suspended
operations without registration or awaiting dissolution; 160 businesses
returned to the market. Accumulated up to now, it is estimated to have 3,500
businesses operating in the economy in the whole province. The business
innovation arrangement continues to be implemented as planned.
The Standing Board of the Hoa Binh provincial Party Committee met on March 18 to review and guide major investment projects aimed at boosting local socio-economic development.
The air is thick with the hum of drills and the clatter of machinery as the Hoa Binh – Moc Chau expressway takes shape amid the rugged terrain. Welding sparks illuminate the faces of workers, and concrete mixers churn relentlessly, laying fresh pavement on the newly-carved road. The construction site buzzes with a palpable sense of urgency, particularly in Hoa Binh province where the expressway's future is being forged.
The northern province of Hoa Binh, with over 467,000 hectares of natural forest and more than 100,000 hectares of production forest, holds significant potential for carbon credit market development.
Replacing substandard houses with more sturdy ones by June 30 is the direction given by Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the Hoa Binh provincial Party Committee, at a meeting held in early March by the provincial Steering Committee for the programme to eliminate temporary and dilapidated houses for the needy.
Recognising digital transformation as an inevitable trend, authorities and agencies in Hoa Binh have made great efforts in the work by focusing on three core pillars - digital government, digital society, and digital economy, resulting in enhanced competitiveness, improved investment climate, and ensured economic and social welfare.
In recent years, Da Bac district has improved administrative reform with a one-stop shop mechanism, streamlined inter-agency procedures, and a shift to digital platforms. These efforts have enhanced public service efficiency and contributed to local socio-economic development.