In recent years, the Provincial Party Committee and People's Committee of Hoa Binh province has focused on leading and directing the implementation of administrative reform tasks; focusing on perfecting administrative institutions, creating a fair and transparent competitive environment, favorable to attract investment.

Accordingly, many potential investors have come to the province. According to data from the Provincial People's Committee, in 2023, development investment capital in the province is estimated to reach 26,155 billion VND, an increase of 7,745 billion VND compared to year 2022. 

In 2023, Hoa Binh province had 45 off-budget capital investment projects approved with investment policies with a total registered investment capital of about 20,000 billion VND. There are 760 projects in Hoa Binh province; including 36 foreign direct investment projects with total registered capital of about 608 million USD and 724 domestic investment projects with registered capital of about 275,000 billion VND.

Related Topics

Cooperative works to promote Nhuan Trach kudzu powder brand

Kudzu powder product of Nhuan Trach agricultural services and starch processing cooperative in Dong Se hamlet, Nhuan Trạch commune, Luong Son district was certified as meeting One Commune One Product (OCOP)’s 3-star standard last year. For local residents, kudzu is a crop that helped them improve income, alleviate hunger and reduce poverty. The certification of the product is a prerequisite for local households to continue their production and expand their market.

Yen Thuy promotes building of model gardens

Yen Thuy district has effectively implemented a project to support the construction of model new-style rural residential areas and gardens under the national target programme on new-style rural area building for 2021-2025.

Businessmen dedicated to bringing Hoa Binh farm produce to global market

With favourable climate and land advantages, the agriculture sector in Hoa Binh has been attracting investment from enterprises, organisations, and cooperatives, gradually asserting the position of some local specialties in the international market.

Luong Son district develops industry, handicraft

Currently, Luong Son district counts 905 business establishments operating in industry and handicraft, helping generate jobs and stable incomes for local labourers.

Hoa Binh scores highest points in two indicators of PAR Index 2023

Hoa Binh scored the highest points in two out of the eight indicators of the Public Administrative Reform (PAR) Index ranking in 2023 that the Ministry of Home Affairs announced on April 17.