(HBO) – In 2022, Hoa Binh aims for economic growth of 9%, State budget collection of over 6.4 trillion VND (267.61 million USD), and total social investment of about 19.7 trillion VND, which is completely feasible as the province recorded growth of 10.32% in the first nine months of this year, according to Nguyen Van Thang, Director of the provincial Department of Planning and Investment.


Showing strong post-pandemic recovery, Esquel Vietnam garment company in Hoa Binh’s Luong Son industrial park has made great contributions to the province’s export value.

Speaking at a meeting of the provincial People’s Committee to evaluate the implementation of socio-economic tasks in the first nine months of thus year and define tasks for the rest of the year, Thang said that due to impacts of the COVID-19 pandemic and conflicts in the world, the realisation of tasks for this year is tough.

However, the province has identified drastic measures with various directions and solutions to complete all targets of particular sectors and areas, while working to remove difficulties and obstacles in administrative procedures, capital, ground clearance and land to speed up business and production activities and attract more investment in the province.

As a result, in the first nine months of this year, Hoa Binh’s gross domestic product (GDP) expanded 10.32%, with agro-forestry-fisheries sector growing 3.92%, industry-construction 15.66%. service 7.74%, and tax collection 4.37%.

Thang attributed the result to the strong recovery of the service sector, especially tourism. In the period, Hoa Binh welcomed 2.45 million visitors, a surge of 104% year on year, earning 2.28 trillion VND.

At the same time, strong growth at 25.7% was seen in industrial production, especially power production of the Hoa Binh Hydropower Plant, said Thang.

He said that in the first nine months of this year, the province saw the establishment of 380 new companies with combined capital totaling 10 trillion VND, up 14% year on year. It drew 45 investment projects the combined capital of which amounts to 31.46 trillion VND, 30 projects higher compared to the same time last year and a rise of 129.4% in value. So far, the province has lured 61 trillion VND, two-third of the target of 80 trillion VND set for the whole year, he added.

However, Thang also pointed to various shortcomings of the province, including the slow disbursement of public investment capital, stressing that Chairman of the provincial People’s Committee Bui Van Khanh has directed agencies and investors to exert efforts to speed up the disbursement, and asked for departments and sectors' stronger performance and higher determination in the work, thus completing all the goals set for this year./.




Related Topics


Giving VietGAP, GlobalGAP and organic certificates to 28 production and business establishments

(HBO) - On January 11, the provincial Sub-Department of Managing Agro-Forestry-Fisheries Quality held a conference to summarize and award VietGAP, GlobalGAP, and organic certificates in 2022.

Clean products - Sustainability orientation of My Tan agricultural cooperative

(HBO) - Since its establishment, My Tan Agriculture Cooperative in Cao Duong commune, Luong Son district, has always persistently pursued the goal of creating safe and environmentally friendly agricultural products. Dien pomelo, guava, and tea are three typical products of the cooperative that are cultivated in accordance with Vietnamese or global good agricultural practices (VietGAP, GlobalGAP), organic standards and the province’s One Commune One Product programme standards. The products are mainly sold at large supermarkets in Hanoi and Hai Phong cities and Quang Ninh province.

Hoa Binh promotes poverty-overcoming models

(HBO) – Over the recent years, Hoa Binh authorities have considered the implementation of patriotic emulation movements in ethnic minority areas as one of the important measures to create motivation for socio-economic development. The work not only contributes to hunger eradication and sustainable poverty reduction, but also multiplies good models, new ways of doing things, and exemplary examples of overcoming difficulties.

Business Association shows good performance in supporting local enterprises

(HBO) – The Business Association of Hoa Binh province has well performed its role as a representative of the business community to gather, promote unity, and support local businesses.

Promoting effectiveness of policy credit

(HBO) – In 2022, preferential loans from the Bank for Social Policies continued serving as an important motivation for poor households and policy beneficiaries in Hoa Binh province to escape from poverty and boost economic development.

Yen Thuy leads district level competitiveness index in two years

(HB) – For the past two consecutive years, Yen Thuy district in the northern mountainous province of Hoa Binh has led the District and Department Competitiveness Index (DDCI).