In a large skillet over medium heat, add lean ground beef. Sauté and cook until browned, about 5-7 minutes. Add soy sauce and hoisin sauce, stirring well to combine.

Once the beef is cooked, sprinkle in shredded carrots and chopped bell peppers. Stir the mixture, cooking for an additional 2-3 minutes.

Fill a shallow dish with warm water. Dip one rice paper wrapper into the water for about 10-15 seconds until it becomes soft.

Lay the softened rice paper on a clean surface. Place a few fresh basil leaves and a spoonful of the beef mixture in the center. Tightly roll the rice paper.

Carefully arrange the assembled rolls on a serving platter. Pair with your choice of dipping sauces.