(HBO) - After the week-long 2023 Lunar New Year (Tet) holiday, almost all enterprises in Hoa Binh province have resumed their operation with a high determination to complete the set goals, contributing to the overall growth of the local economy.


Right after the Tet holiday, workers at SanKoh Vietnam Co., Ltd at Left bank of Da River Industrial Park (Hoa Binh City) return to work.

According to provincial authorities, as of January 30, the majority of workers across the province had come back to their businesses and factories. Many businesses offered transportation services for workers. Some in Hoa Binh city and Luong Son district are in need of recruiting more experienced and skilled workers.

To retain workers, over the past years, businesses in the province have raised their salary, bonuses and allowances, improved working environment, offered support in terms of train and car tickets for workers, and given lucky money to them on the Tet occasion.

In 2022, thanks to efforts of the business community, the province’s gross regional domestic product (GRDP) grew 9.03% to more than 32.68 trillion VND (1.39 billion USD).

The province attracted 75 domestic investment projects with a total registered capital of about 35 trillion VND, 31 projects more than that of the previous year.

In 2023, Hoa Binh will continue to create favourable conditions to attract more investment and make more preferential policies to facilitate businesses’ development, contributing to socio-economic growth as well as ensuring social security. The province is striving for an economic growth rate of 9%, and per capita GRDP of 70.9 million VND per year, state budget revenue of 7.28 trillion VND, and labour productivity of 116.9 million VND per worker.

To achieve the set economic goals, the province will continue restructuring the economy, renewing the growth model, increasing productivity, creating a driving force for rapid and sustainable economic growth, improving the business and investment environment, supporting enterprises, and attracting investment. Attention will also be paid to promoting the development of socio-economic infrastructure and creating changes in the industrial sector, and to key projects to promote economic restructuring and growth model innovation./.

Related Topics


Hoa Binh fast-tracks new-style countryside development with strong base

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.

High tech seen as key to sustainable farming in Hoa Binh

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.

Hoa Binh reviews progress on key provincial projects

The steering committee for key projects of Hoa Binh province convened on May 14 to assess the progress of major ongoing developments

Hoa Binh attends "Meet Korea 2025" event

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 revives local heritage through OCOP programme

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.

OCOP Hoa Binh: Awakening local excellence - Journey from tradition to market

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.