(HBO) – Production and business activities in Hoa Binh province recorded good growth in 2019, according to the provincial Department of Industry and Trade. Industrial and handicraft firms maintained effective operation, while the industry and service sectors accounted for a higher percentage of the province’s gross regional product. Key products of Hoa Binh posted increases compared to the same period last year and surpassed the year’s plan.
Hoa
Binh-based Sankoh Vietnam Company Limited makes significant contribution to the
province’s industrial growth with its export turnover reaching more than 17
million USD. The firm created jobs for over 1,200 local workers.
The province’s industrial production value
was estimated at 37.39 trillion VND (1.61 billion USD) in 2019, a year-on-year
rise of 15 percent and exceeding the yearly plan by 0.01 percent.
During the year, local firms worked to
reduce reliance on sub-contracting and assembling, while investing more in technology
and production equipment. Garment-textile and electronic component
manufacturing enjoyed high growth.
Notably, the production of electronic
devices posted a 2.27 percent increase year-on-year and surpassed the yearly
plan by 0.05 percent, while lens output saw a 0.84 percent rise against the
same period last year, and surpassed the yearly plan by 0.19 percent.
The output of several products in
processing, manufacturing and mining also saw positive growth. Cement and stone
posted increases of 0.53 percent and 10.53 percent, exceeding the year’s plans
by 5.56 percent and 2.44 percent, respectively./.
Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.
Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.
The Hoa Binh provincial People's Committee has issued Decision No. 2767/QD-UBND announcing the rankings of departments, agencies, districts and Hoa Binh city in the Public Administration Reform Index (PAR) and the Satisfaction Index of Public Administration Services (SIPAS) in 2024.
The cultivation of Dam Xanh fish (Bangana lemassoni), a unique fish species, has seen remarkable growth in Mai Chau district, thanks to its high economic value and effectiveness. Initially concentrated in Van Mai commune, farming has now extended to four other communes, namely Mai Hich, Mai Ha, Chieng Chau, and Son Thuy. These areas benefit from pristine underground water flowing from mountain crevices, providing ideal conditions for raising this specialty fish.
In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.
In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.
