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.
Deputy Secretary of the Hoa Binh provincial Party Committee and Chairman of the provincial People’s Committee Bui Duc Hinh had a working session with the Vietnam Electricity (EVN)’s Northern Power Corporation (EVNNPC) and Hoa Binh Power Company on March 3.
Concessional loans from the Vietnam Bank for Social Policies (VBSP) have made significant contributions to delivering Hoa Binh province’s sustainable poverty alleviation target over the past years. Thanks to the loans, thousands of jobs are generated for local workers every year, helping them improve income.
After the construction of the Da River dam, Hoa Binh Reservoir became the largest artificial lake in Vietnam, stretching 230km from Hoa Binh province to Son La province.
Located within Hoa Binh province, the reservoir spans the administrative boundaries of Hoa Binh city and four districts: Da Bac, Cao Phong, Tan Lac, and Mai Chau.
After more than two months of focused leadership and direction, Hoa Binh province has successfully reorganised the political system’s organisational apparatus at both the provincial and district levels, in line with the Party Central Committee's guidelines, creating a leaner, more efficient, and effective political system.
Implementing the "One Commune - One Product" (OCOP) programme, the People's Committee of Yen Thuy district in Hoa Binh province has directed local communes and towns to prioritise the restructuring of crop production towards enhancing quality and efficiency.
Along with cultivation following good agricultural practices, the 3T Cao Phong Agricultural Cooperative (3T Farm), located in Cao Phong town, Cao Phong district, focuses on researching and applying scientific techniques to produce processed products from fresh oranges. This not only helps diversify products but also promotes sustainable consumption while maximising the value of the fresh oranges grown in Cao Phong.
The Xuan Son Cement Plant project, with a total investment exceeding five trillion VND (more than 196 million USD), is under development on a 40-hectare site in Ngoc Luong commune, Yen Thuy district. As one of 14 key projects in Hoa Binh province, the plant is expected to create a breakthrough in the local economy.
The tax sector of Hoa Binh province has proactively implemented key tasks and solutions since early 2025 to complete the state budget revenue target of 5.8 trillion VND (227.71 million USD) assigned by the Government and the Ministry of Finance; and 6.8 trillion VND set by the provincial Party Committee, People's Council, and People's Committee. Land-related revenue remains a crucial source in the locality’s state budget plan in 2025.
With its vast forest land, Da Bac district has focused on reforestation and developing forest economy over the past few years to improve livelihoods and increase income for local residents.
In 2025, Hoa Binh’s banking sector will focus on providing capital to drive production and business activities. Credit institutions in the province are committed to meeting the loan demands of businesses and individuals, fostering economic growth.
According to the Tan Lac District’s Branch of the Vietnam Bank for Social Policies (VBSP), in January 2025, the bank disbursed nearly 18 billion VND to more than 300 poor households and policy beneficiaries. Notably, the employment solution loan program had the highest disbursement, with over 5.1 billion VND, helping 81 employees access the capital to create jobs and develop their economies.
According to the provincial branch of the Vietnam Bank for Social Policies (VBSP), in January 2025, the entire branch disbursed loans under 11 key policy credit programs. The loan disbursement amounted to 204.1 billion VND, benefiting 3,369 poor households and other policy beneficiaries. Among this, over 16 billion VND was disbursed to the poor households, more than 17 billion VND to near-poor households, and over 14.6 billion VND to households that have recently escaped poverty. The program with the highest disbursement was the employment solution program, with nearly 29 billion VND loaned to 1,271 customers.
Hoa Binh province is home to 11 recognised traditional craft villages which have played a crucial role in increasing income, improving living conditions, and driving economic growth in rural areas.
Over the years, Kim Boi district's social security sector has continuously innovated and adopted digital technology to improve its services. Marking its 30th anniversary (1995-2025), the sector has made significant strides in strengthening the social security system.
The year 2025 holds significant importance as a time for acceleration, breakthroughs, and completion of 2021-2025 socio-economic development targets to enter a new era of growth. Building on the socio-economic successes of 2024, Hoa Binh has seen a good start for 2025 with key projects kicked off, State budget revenues surging, retail sales and service revenues rising, investment attraction increasing, and the well-being of local people prioritised.
Following the Lunar New Year holiday, supermarkets, traditional markets, and most businesses across Hoa Binh province have resumed operations. According to relevant authorities, the supply of goods remains abundant, with stable prices meeting consumers' demand.
According to the Department of Statistics of Hoa Binh Province, in January 2025, industrial production in the province changed positively. The province's industrial production index increased by 4.44% compared to December 2024, up 2.82% over the same period last year. Notably, the electricity production and distribution industry grew strongly, ensuring the demand for electricity during Tet.
After the Lunar New Year (Tet) holidays, trade union members and workers in Hoa Binh province returned to work with an excited spirit at the beginning of the new spring. Throughout the workshops, factories and enterprises, they were full of enthusiasm, immediately getting to work, striving to excellently complete tasks and production and business targets.
Red grapefruit is a native crop of Tan Lac district, where the fertile soil and favourable climate create ideal conditions for its growth. With over 80% of the area being mountainous, at an altitude of 300-400 metres above sea level, red grapefruits here thrive on well-drained, fertile hillside soil. The region’s large temperature variation between day and night enhances the fruit's nutrient absorption. The local cultivation techniques also contribute to its uniqueness
The provincial business association recently convened a conference to review its 2024 operations and outline plans for 2025. The meeting was attended by Standing Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee Bui Duc Hinh along with leaders from various departments and agencies.
Hoa Binh province is prioritising rural transportation infrastructure to improve mobility, facilitate trade, and boost socio-economic development.
The Minister of Agriculture and Rural Development has just issued Decision No. 377/QD-BNN-VPĐP approving the results of the evaluation and classification of the products of the National One Commune One Product Program in 2024 (phase 3).
As the Lunar New Year (Tet) approaches, the market becomes more vibrant than ever. In Hoa Binh province, preparations for Tet have been bustling since the 20th of the last lunar month, with an abundant supply of goods to meet the growing consumer demand.
An Viet Hoa Binh JSC, the infrastructure investor of Yen Quang Industrial Park (IP), has held a ceremony to present investment registration licenses to four enterprises. The event was attended by Vice Chairman of the Hoa Binh provincial People’s Committee Quach Tat Liem, along with leaders from various departments, agencies, and local units.
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