(HBO) - Hoa Binh province has seen considerable progress in the service sector which has not only met local residents’ demand but also created jobs and contributed significantly to the province’s economic development.
number of supermarkets, a new modern retail model, in Hoa Binh has been on the
rise. A woman goes shopping at AP Plaza in Hoa Binh City.
From 2016 – 2020,
the province’s Gross Regional Domestic Product (GRDP) grew at an average pace
of 6.36 percent annually, with the services sector expanding 5.91 percent. The
service sector’s output exceeded 15.84 trillion VND in 2020, up 71.6 percent
from 2016. Post, telecommunications, tourism, transport and distribution were the
fastest-growing sub-sectors, largely contributing to the service industry.
People’s Committee has adopted a master plan on developing commerce by 2025,
with a vision to 2030. The province’s commercial activities have also expanded
substantially over the past years, with a boom in modern commerce models and
robust development of infrastructure in the sector. A number of traditional markets
have been built and renovated while supermarkets, shopping malls and
convenience stores are gaining increasing favour from local customers. This has
boosted the growth of the distribution service in the province.
Total retail sales
of goods and services increased 19 percent on average year on year to 37.68
trillion VND in 2020, 2.36 times higher than that of 2015. Foreign trade rose
by 28.5 percent every year, with exports and imports surging 30 percent and 27
percent per year, respectively.
The province has
also witnessed the robust growth of tourism, reflected by remarkable
improvements in the diversity and quality of tourism services.
"Previously, all I
knew about Hoa Binh were Hoa Binh Reservoir and Lac village (Mai Chau district),”
said Lam Oanh, a visitor from Bac Giang province’s Hiep Hoa district, adding
that now she knows there are more to explore in the province.
particularly impressed with community-based and eco-tours in popular
destinations, such as Ngoi Hamlet (Tan Lac district); and Ke and Duc Phong
Hamlets (Da Bac), as well as the boom of newly-built luxurious lodging
facilities, including Mai Chau Ecolodge, Bakhan Village and Serena Resort.
province is housing 434 lodging facilities, nine local-level tourist sites at
local level, and one provincial-level tourist site. Additionally, Hoa Binh Lake
has been planned as a national tourist area.
Along with tourism, transport services have developed in recent time,
facilitating travel and transport of goods. There are 204 firms, cooperatives
and individual business households running transport business with more than
2,820 vehicles, four times higher than the amount recorded at the beginning of
Transport of passengers has surged on average 8 percent per year, while that of
goods picks up 9 percent.
Three companies are providing bus services, with over 100 vehicles that operate
14 hours per day on five routes. In the meantime, taxi services are offered
around the clock by 13 firms who have nearly 1,190 vehicles.
In recent years, healthcare, education-training, banking, and
information-communication services have met increasing demands of the local
residents. They have made up 30.4 percent of the province’s economic structure.
However, the service sector has not been developed on par with the province’s
potential and strengths.
At a recent meeting of the provincial People’s Committee on service development
orientations for the 2021-2025 period, Director of the provincial Department of
Industry and Trade Pham Tien Dung pointed out that the service sector made
humble contributions to the locality’s economic growth and job generation.
Besides ununiformed development of infrastructure, the sector has seen
restrictions in planning and state management, he said, adding value chains and
attractive products and services have not been shaped up while the province is
in short of projects that can create breakthroughs for the service sector.
Under the resolution adopted at the 17th provincial Party Congress, Hoa
Binh identified development and diversification of high-quality services that
meet local people’s production and consumption as its key mission in the
The action programme No.1, issued by the provincial Party Committee on December
23, 2020, set a target of developing service into an important economic sector
which can contribute greatly to the local economy and growth.
The provincial Party Committee is directing competent authorities to build the
service sector development project during 2021-2025, expecting the service
sector to develop on par with local potential and strengths. The move aims to
reduce poverty in a sustainable manner, promote industrialization and modernisation
process, and spur the province’s social economic development./.
(HBO) – With 10 projects and 36 subprojects, Hoa Binh's project on socio-economic development in ethnic and mountainous areas programme for 2021-2025 has significantly contributed to boosting economic growth, helping reduce poverty sustainably among ethnic people in the province.
(HBO) – The Thai Binh Tourism Co. Ltd, an affiliate of Pacific Group, held a ceremony in Phu Nghia commune, Lac Thuy district, Hoa Binh province, to start the construction of works in Hoa Binh section of the Huong Binh cable line project.
(HBO) - On May 26, Mr. Quach Tat Liem, the Vice Chairman of the Provincial People's Committee and the leaders from a number of departments and branches worked with the delegation of European Union in Vietnam, led by Mr. Mario Ronconi, the Director General in charge of South Asia - Southeast Asia at the Asia - Pacific - Middle East Department under the General Department of International Partnership as the head of the delegation, to introduce and discuss the potentials and strengths of the locality as well as the cooperation opportunities between Hoa Binh and European Union.
(HBO) - The Department of Economic Cooperation and Rural Development under the Ministry of Agriculture and Rural Development, Hoa Binh province’s Department of Agriculture and Rural Development, the People's Committees of Lac Son and Yen Thuy districts, and Fusa Organic Agriculture joint Stock Company on May 20 signed a strategic cooperation agreement on implementing a pilot project to build a material area of agricultural and forestry products that meet standards for domestic consumption and export in Hoa Binh province in the 2022 – 2025 period.
(HBO) - In recent years, farmers in Ngo Luong commune, Tan Lac district, have focused on raising animals native to the land, hence the formation of products imbued with the local identity, serving the future growth of tourism.
(HBO) – Over the years, the Hoa Binh Cooperative Alliance have rolled out various measures to support local cooperatives to develop farm produce production and selling chains, thus promoting the economic transition process, creating jobs and improving income for local farmers.