(HBO) - Despite various challenges in 2021, registered investment saw a remarkable increase in projects’ capital. Projects commencing operation are on the rise, while those with delays or failures in implementation have been screened for withdrawal. Business environment in the province shows increasing improvements.

Enterprises
in Luong Son industrial park adopted safe adjustments to the "new normal”.Photo
taken at Midori Apparel Viet Nam Hoa Binh Company Limited.
The Provincial People’s Committee
has issued several documents in directing the improvement of the businessenvironment and boosting competitiveness of the province. Notably, a directive
was promulgated to implement the government’s Resolution No.02/NQ-CP 2021 in
further improving the business environment and national competitiveness. This
directive assigned concrete work to subordinate agencies in order to improve
Provincial Competitiveness Index (PCI). The Committee set up a group working on
investment projects of critical importance or utilizing extra-budgetary funds,
a special group tackling difficulties for enterprises, cooperatives and people
affected by the pandemic COVID-19. A commission was established to ensure
recovery of industrial production in the light of measures to contain the
pandemic.
Improvements in the businessenvironment have brought positive signs of investment attraction in 2021, said
Nguyen Van Phuc, Director of the Department of
Planning and Investment. 44 new projects were approved. Among those 29 projects
with total investment of 32,920 billion VND, 7 projects with total investment
of 1,029 billion VND, 8 projects with total investment of around 300 billion
VND were recommended by the Department of
Planning, and Investment, Department of Commerce and Industry, Industrial park
management board, respectively.
The Provincial People’s Committee
has instructed relevant agencies to closely supervise the projects in order to
timely remove obstacles or withdraw those far behind committed schedule or no
longer feasible. 41 projects were terminated, 3 others halted due to violations
of the Investment Law.
The Committee has focused on solutions to improve business environment and
investment attraction, including: improving efficiency of state agencies in
investment attraction; enhancing collaboration among relevant agencies of all
sectors and levels to smoothly complete administrative procedures, namely
investment approval, land-use certificate granting, construction, etc. The
Committee also decided to adopt the Districtand Department Competitiveness Index (DDCI) and conduct an annual survey for satisfaction level of businesses and people
with state management agencies, with a view to achieve a rating of above 95%./.
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.