HBO – As of the end of 2017, Hoa Binh counted 55 investment projects in agriculture and rural areas with combined capital of more than 14.5 trillion VND, accounting for 11.2 percent of the total investment projects in the province. The surge in number of firms investing in agriculture and rural development after many years is a positive sign in the province’s economic situation.
An investment project building a
farm at the core of a regional linkage to raise breeding cows is carried out in
Tan My commune, Lac Son district
Hoa Binh has many favourable conditions for agricultural
production, particularly in the cultivation of fruit trees and the raising of
cattle and poultry. During 2008-2017, out of 2,587 firms and investors granted
business licences, 174 were involved in agriculture and rural development, or
6.7 percent of the total.
The increase in number of firms choosing to operate in agriculture
is attributable to the implementation of State policy, which won approval of
the business community. Since 2008, the provincial People’s Committee has
licensed 47 investment projects in agriculture and rural development, using a
total 27,000 ha of land and more than 5 trillion VND.
Projects in agriculture and rural development are mostly farms
raising cattle/poultry and fish, and planting forests, clean vegetable/fruits
and medicinal herb. Some examples are the pig raising farm using bio-technology
in Lac Thuy, the farm combining high-yield chicken raising and fruit tree and
medicinal herb planting in Yen Thuy, the farm and a regional linkage to raise
breeding cows in Lac Son, and the forest planting project during 2012-2020 by
the Hoa Binh Forestry One Member Ltd Co.
According to statistics, firms operating in agriculture and rural
areas have an average annual income of 1.6 billion VND, and their workers have
an average monthly salary of 4 million VND. They have created jobs for more
than 9,000 local workers, and contributed more than 45 billion VND a year to
the State budget./.
Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.
Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.
Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.
As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.
alternate member of the Central Party Committee, Secretary of the Hoa Binh provincial Party Committee Nguyen Phi Long on March 5 had a working session with Yan Jiehe, Founder and Chairman of the China Pacific Construction Group, one of China's largest private corporations in the field of transport infrastructure. Deputy Secretary of the provincial Party Committee, Chairman of the provincial People's Committee Bui Duc Hinh and leaders of provincial departments and sectors also attended the working session.
The electronic printed circuit board (PCB) manufacturing and processing plant of Japan’s Meiko Group, located at Da River Left Bank Industrial Park in Hoa Binh city with a total investment of over 200 million USD, is expected to create thousands of jobs and make a significant contribution to the local budget.
