(HBO) – The complicated developments of COVID-19 have seriously affected all social aspects, especially economic development. Growth decline was recorded in many fields. In the first quarter of 2020, the gross regional domestic product (GRDP) was estimated at 6.62 percent. The figure is projected at 4.57-5.86 percent in the second quarter due to the impact of the pandemic on business and production activities.
Garment-textile export firms at Luong Son industrial park
meet an array of difficulties to maintain business and production due to
COVID-19. Photo: Esquel Garment Manufacturing (Vietnam) Co., Ltd.
As of April 15, 136 local businesses and one
cooperative dissolved, while 1,392 household business establishments registered
for halting production. The number of firms having to withdraw from the market
or suspend operation is expected to surge in the coming time, especially
small-and medium-sized ones.
Along with businesses, cooperatives and business
households, workers, especially low-income earners, have been seriously
affected. As many as 275 employees had their labour contracts terminated, while
over 1,330 others had to halt working during COVID-19.
Promoting the economy after the pandemic is an
extremely important task to achieve socio-economic development targets in 2020.
To achieve the goal of collecting 5 trillion VND
(213.3 million USD) to the State budget this year, the provincial People’s
Committee has directed reviewing all revenue resources, especially from hydropower
and land use fees.
Investors and management boards of projects were
tasked to focus on preparing investment and land clearance. The province will
strictly handle those with slow disbursement of public investment.
The provincial People’s Committee requested all
sectors to continue paying great attention to curbing the disease as well as
supporting businesses to remove difficulties./.
Once a mountainous province facing many challenges, Hoa Binh has, after more than a decade of implementing the national target programme on new-style rural area development, emerged as a bright spot in Vietnam’s northern midland and mountainous region. In the first quarter of 2025, the province recorded positive results, paving the way for Hoa Binh to enter a phase of accelerated growth with a proactive and confident mindset.
Hoa Binh province is steadily advancing its agricultural sector through the adoption of high-tech solutions, seen as a sustainable path for long-term development.
The steering committee for key projects of Hoa Binh province convened on May 14 to assess the progress of major ongoing developments
A delegation of Hoa Binh province has attended the "Meet Korea 2025" event, recently held by the Ministry of Foreign Affairs, the Embassy of the Republic of Korea (RoK) in Vietnam, the Korea Trade-Investment Promotion Agency, and the People's Committee of Hung Yen province.
Hoa Binh province joined Vietnam’s national "One Commune, One Product” (OCOP) programme in 2019, not simply as a mountainous region following central policy, but with a clear vision to revive the cultural and agricultural values in its villages and crops.
From just 16 certified products in its inaugural year to 158 by early 2025, the One Commune One Product (OCOP) programme in Hoa Binh province has followed a steady and strategic path. But beyond the numbers, it has reawakened local heritage, turning oranges, bamboo shoots, brocade, and herbal remedies into branded, market-ready goods - and, more profoundly, transformed how local communities value and present their own cultural identity.
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