(HBO) – Not only located next to Hanoi capital city and acting as a gateway to the northwestern region, Hoa Binh province also boasts huge potential for developing tourism, agriculture, and industry amid a quick shift in the investment flow from other localities. Therefore, it now holds considerable opportunities to welcome a new wave of investment and become a development centre in the region.
Luong Son district is currently home to 48 investment
projects in its industrial parks, which has created momentum for local
socio-economic development. The photo is taken at the Midori Apparel Vietnam
Hoa Binh Co. Ltd in Luong Son Industrial Park.
Investment poured into the province has been on
the rise in recent years. A large number of domestic and foreign investors,
including major ones, have chosen Hoa Binh as their destination.
Data from the provincial People’s Committee show
that Hoa Binh accommodated 629 valid investment projects funded with non-State
budget capital as of mid-June 2021. They include 40 FDI projects worth over
619.36 million USD and 589 domestic ones worth almost 92.22 trillion VND (4
billion USD).
To attract investment and support major projects
to soon become operational, the provincial Party Committee and People’s
Committee have organised many meetings and dialogues with enterprises and
investors to learn about their situation and direct relevant departments and
localities to tackle obstacles facing their operations.
The administration of Hoa Binh also issued a set
of criteria for selecting investors in projects that use land. These criteria
prioritise investors with sufficient financial strength, experience, and fast
project implementation.
Aside from rolling out the "red carpet” for
investors, the provincial People’s Committee has also ordered thorough
settlement of projects lagging behind schedule, using land ineffectively, or
violating other legal regulations on investment and land.
Competent agencies have considered support for
the projects that failed to meet schedule due to objective reasons such as site
clearance problems and impacts by the COVID-19 pandemic. They were asked to
only consider and approve the project adjustments proposed by investors who
have realised their commitments and met all the regulated standards./.
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.
