(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./.
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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