HBO - In 2019, Hoa Binh province is allocated a State budget-sourced investment capital of over 2.47 trillion VND (106.21 million USD).
The province has made detail distributions to each project with
total capital of more than 2.02 trillion VND, which comprised of 1.43 trillion
VND from the provincial budget, 285.97 billion VND from the central budget, and
302.96 billion VND from foreign sources.
The capital that has yet to be distributed and assigned is
443.1 billion VND, including 400.058 billion VND for national target programmes,
6 billion VND for the programme to develop infrastructure for coastal and
border economic zones, industrial parks and industrial clusters, hi-tech parks,
and hi-tech agricultural region, and 37.041 billion VND from foreign
investment.
As of February 20, 2019, Hoa Binh had distributed 285.3
billion VND of public investment, reaching 12 percent of the yearly target.
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.
Amid efforts to streamline the administrative apparatus, Hoa Binh province has intensified measures to address challenges in land clearance, resettlement support, and infrastructure investment, aiming to speed up the progress of key projects.
Hoa Binh province has posted an unprecedented economic growth rate of 12.76% in the first quarter of 2025, marking its highest quarterly performance to date and positioning it as the second fastest-growing locality in the country, trailing only Bac Giang province.
Under current regulations, products in the One Commune – One Product (OCOP) programme that are rated three stars or higher must undergo re-evaluation every three months. However, in reality, some of these products fail to consistently meet the required standards, raising concerns about the sustainability of their OCOP certification. This underscores the urgent need for producers to enhance product quality and gradually develop their OCOP products into strong, marketable brands.
