(HBO) – The Hoa Binh People’s Committee has held a conference to review the five-year socio-economic situation in 2016-2020 and define a five-year socio-economic development plan for 2021-2025.


Between 2016 and 2020, the average annual gross regional domestic product (GRDP) of the province has reached 9.15 percent. By 2020, agriculture, forestry and fishery sector is expected to account for 19 percent of the GRDP, industry-construction 47 percent, services 29.2 percent, and product taxes 4.8 percent.

Meanwhile, the per capita GRDP is expected to reach 64 million VND, State budget collection to come to 5 trillion VND, and the number of effectively operating businesses and cooperatives to amount to 2,470 businesses, doubling that of 2015.

The total export turnover will exceed 1.9 billion USD, 3.5 times over the figure in 2015. The rate of urbanisation will reach 25 percent, and 45 percent of communes along with three districts will be recognised as new rural areas. 


Participants agreed on the overall targets for the 2021-2025 period, with the province to mobilise all resources to promote rapid and sustainable economic growth, with industry being the driving force, tourism as the spearhead and agriculture moving towards commercial scale production. The material and spiritual life of people will be improved remarkably, and ethnic cultural identities preserved and developed.

The province will also enhance the management capacity and efficiency of authorities at all levels and proactively cope with climate change, make reasonable use of natural resources, well control environmental pollution, and ensure defence-security.

Hoa Binh will strive to become a middle-range province by 2025 with all economic indications and most social indices ranked in the middle-range group among all localities in the country.

Some specific targets for 2021-2025 are: average economic growth of 9.5-10 percent, per capita GRDP of about 100 million VND, and annual State budget collection increase of 17 percent. The total import-export turnover in 2025 is expected to rise by 3.5 times compared to 2020. The rate of urbanisation will surpass 35 percent./.


Related Topics


Hoa Binh enjoys joyful, safe Tet celebrations

Local people across Hoa Binh province enjoyed the festive spirit of the 2025 Lunar New Year (Tet) with joy, cultural traditions, and heartfelt family gatherings.

A joyful spring in Da Bac

During this Lunar New Year (Tet), residents of Vay Nua commune, Da Bac district are joyfully celebrating the arrival of spring with various festive activities. Along the main road of the commune, a newly installed solar-powered streetlight system stands out, completed just before Tet. Funded by Agribank Hoa Binh with a total investment of approximately 80 million VND (over 3,100 USD), the project has already proven beneficial. Not only does it enhance the rural landscape, but it also improves road safety and security, adding to the New Year’s cheer for the people of Vay Nua.

The picturesque spring beauty of Van Son upland commune

Nestled in Tan Lac district, Van Son commune boasts a breathtaking landscape reminiscent of a serene, poetic painting. Winding roads gracefully embrace the hillsides, enhancing the commune’s natural charm. As spring spreads its vibrant colours, the lives of local people continue to improve day by day.

Workers get heartwarming support as Tet approaches

The trade union of Hoa Binh province’s industrial parks has presented meaningful gifts to workers with difficulties, ensuring that they will have a warm Lunar New Year (Tet) holiday.

Hoa Binh province: 9.07 thousand hectares of concentrated forests have been planted

According to the Department of Agriculture and Rural Development's report, in 2024, the appropriate authorities regularly propagated and disseminated forest protection management, forest development, and forest fire prevention and fighting.

Toan Son peach growing area brings spring to every home

The Lunar New Year, At Ty, 2025 is approaching. The gardeners in the peach growing area of ​​Toan Son commune (Da Bac) are busy transporting, bringing spring to every home. Throughout the villages, peaches are grown everywhere, gradually becoming an effective economic model to help the people have a warm and full spring with their families.