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Hoa Binh is a mountainous province, acting as a gateway to the North-West of Vietnam, 76 kilometers from Hanoi capital. The province, 4,662.53 square kilometers by area, is administratively divided into ten districts and one city. Additionally, its road and waterway system is very convenient. It is notable that the province enjoyed a year-on-year economic growth of 13.5% in 2006, the highest level so far. There was a positive change in its economic restructuring. GDP per capita in Hoa Binh is estimated at VND 6.2 million per year. In 2007, the trade and tourism sector fulfilled major economic targets. In particular, the total retail sales of goods and services expanded by 23 per cent on year. Exports of commodities and services surged by 6 per cent. while import bills increased by 110 per cent. Also, tourism turnover bounced by 110 per cent. The province of Hoa Binh embraces beautiful natural landscape and has a rich culture and history. It is also home to six ethnicities, including Muong, Kinh, Thai, Tay, Dao, H'Mong with a combination of harmonized cultural features. Hoa Binh is known not only for Lac Hamlet, Mai Chau District, vast Hoa Binh Lake, the primitive forest of Thuong Tien – Kim Boi, Hang Kia – Pa Co forest in Mai Chau, and Phu Canh forest in Da Bac etc., but also for the hot springs of Kim Boi and Lac Son, encompassing high mountains and large lakes, with favorable climate for the development of convalescence tourism. Besides, famous pagodas and temples are located here, such as Fairy Pagoda in Lac Thuy and Bo Temple on the Hoa Binh Lake. Additionally, Hoa Binh has a wide range of natural minerals, including asbestos, coal, limestone, and a large reserve of stone, mineral water and clay. Gabrodiaba, granite and limestone reserves, which are estimated at 2.2 million cubic meters, 8.1 million cubic meters and over 700 million metric tons respectively, are feedstock for the building of transport and irrigation works as well as for capital construction. Further, there are six small coal mines and two quarries in the districts of Kim Boi, Lac Thuy, Yen Thuy, Lac Son, Da Bac and Ky Son with a combined reserve of 982,000 MT. Again, dolomite, barite, and kaolin reserves are significant, with unproven reserves at some mines. Clay is available in low lands and dispersedly distributed across the province with an estimated reserve of 8 to 10 million cubic meters. Moreover, the province's natural mineral resource includes gold, copper, lead, zinc, antimony, pyrite, mercury, and phosphorite etc. Given its geographical proximity to the Red River Delta and Hanoi Capital as well as favorable natural conditions, rich mineral resources, and cultural diversity, the province of Hoa Binh is well conditioned to develop its predominant industries.

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