(HBO) - The resolution of the 17th Provincial Party Congress for the 2020-2025 tenure has set an average growth target of 9 percent over five years. By 2025, the per capita gross regional domestic product (GRDP) will reach about 100 million VND (4,350 USD) and the State budget revenue, 10 trillion VND.
Photo:Quynh Lam commercial
housing project in Hoa Binh city. Raising the attractiveness and early
implementing investment projects are identified as one of the solutions to
promote the province's sustainable economic growth.
The province's economic growth model has developed mainly extensively and the
quality of growth, unsustainable in recent years. The total factor productivity
(TFP) reached only 25.77 percent in 2020. The number of newly-established
enterprises and cooperatives per year is still modest. The allocation of
investment is not adequate and the collection of state budget unstable.
The provincial People's Committee blamed the problems on the limited capacity
in renovating its growth model in association with economic restructuring,
saying that the investment environment is not attractive enough and the quality
of human resources has not yet met the development’s demands.
2022 is an important year that lays the foundation for implementing the goals
of the 5-year Socio-Economic Development Plan for 2021-2025. Thus, a growth
rate of 9 percent should be obtained this year, according to the provincial
People's Committee.
To achieve the goal, it is necessary to continue restructuring the economy,
renovating the growth model and improve productivity, and creating momentum for
rapid and sustainable development.
Ngo Van Tuan, Secretary of the Provincial Party Committee, said challenges lie
ahead as its gross regional domestic product grew 2.66 percent last year.
He said agencies are authorised to finalise plans aimed at
achieving an economic growth of 9 percent right at the beginning of this year,
adding that individuals have to bear the responsibilities in management
relating to projects that are at a standstill or the resettlement for residents
whose land are revoked during the land clearance process.
Attention will be paid to the disbursement of public investment
to ensure economic growth, he said. The focus will be on the implementation of
key projects as well as state budget collection.
Department, agencies and districts were asked to carry out a project on
restructuring the economy in association with renovating growth models. It is
anticipated that the province will reach the national average growth rate by
2025.
Bui Van Khanh, Chairman of the Provincial People's Committee, said that
investment is a must to achieve the growth targets, and that is why the
province will concentrate on creating breakthroughs in infrastructure, human
resources and investment attraction areas./.
After more than four years of implementing a project launched by the Hoa Binh Party Committee’s Standing Board on developing agriculture and promoting product consumption linked with building new-style rural areas for the 2021-2025 period, the province’s industry and trade sector has made significant strides, greatly contributing to local socio-economic development.
Luong Son district has identified 2025 as the year for the accelerated breakthrough to successfully implement the socio-economic development plan for the 5-year period from 2021 to 2025. The district has been focusing on executing the plans and trying to achieve a GRDP growth rate of approximately 15%.
Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.
Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.
Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.
As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.
