(HBO) – Hoa Binh is striving to bring its economic growth rate to the national average in 2025, which is part of the targets of Resolution 09-NQ/TU issued by the provincial Party Committee’s Standing Board on December 31, 2021, on economic restructuring in association with the transforming of growth model.
Photo: Hoa Binh expects 54 percent of the
industry-construction sector’s proportion in the provincial economic structure.
In the photo: Production at An Phuc garment and textile company in Yen Thuy.
Under the resolution, Hoa Binh aims to reform its economic structure in both
depth and width, enhancing the efficiency of investment, promoting strong
industries and products, and associating fast growth with social progress and
environmental protection, as well as climate change towards sustainable
development.
Specifically, in the 2021-2025 period, Hoa Binh strives to achieve gross
regional domestic product (GRDP) growth of at least 9 percent each year, and
productivity increase of 8 percent per year. In the period, the rate of poor
households is hoped to reduce 2.5-3 percent per year.
The economic structure is expected to continue to be transformed towards a
higher proportion of industry and service and lower rate of the
agro-forestry-fisheries sector. By the end of 2025, per capita GRDP of Hoa Binh
is hoped to reach about 100 million VND (4,408 USD) per year.
Total social investment in the 2021-2025 period is to top 120 trillion VND,
equivalent to about 32 percent of its GRDP, with an average annual rise of 8.2
percent. In the five years, Hoa Binh expects 280 domestically-invested projects
worth about 80 billion VND and 30 foreign-invested projects with a combined
capital of about 1 billion USD.
In 2025, the rate of trained labourers is expected to reach about 63 percent,
while digital economy is hoped to make up about 20 percent to the GRDP.
To this end, the resolution gave eight major solutions, including promoting
communications to create higher social consensus, speeding up provincial
planning, administrative reform and digital transformation as well as business
environment improvement to attract more investment, improving human resources quality,
and enhancing the value of forest production./.
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
Amid efforts to streamline the administrative apparatus, Hoa Binh province has intensified measures to address challenges in land clearance, resettlement support, and infrastructure investment, aiming to speed up the progress of key projects.
Hoa Binh province has posted an unprecedented economic growth rate of 12.76% in the first quarter of 2025, marking its highest quarterly performance to date and positioning it as the second fastest-growing locality in the country, trailing only Bac Giang province.
Under current regulations, products in the One Commune – One Product (OCOP) programme that are rated three stars or higher must undergo re-evaluation every three months. However, in reality, some of these products fail to consistently meet the required standards, raising concerns about the sustainability of their OCOP certification. This underscores the urgent need for producers to enhance product quality and gradually develop their OCOP products into strong, marketable brands.
