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Industry is considered the pillar and "backbone" of the economy that can lead to economic growth, according to the Politburo's Resolution No. 23-NQ/TW dated March 22, 2018 on orientations to building national industrial development policy until 2030, with a vision to 2045.
To make the industry truly the
pillar and driving force of the economy, Hoa Binh province has taken numerous
solutions over the past five years, including the issuance of supporting
policies that are relevant to the new period.
Based on an action programme developed by the Standing Board of the provincial
Party Committee, the provincial People's Committee has directed local
departments and sectors to issue plans and documents relating to six groups of
tasks and solutions such as restructuring and developing priority industries;
creating a favourable business and investment environment for industrial
development; issuing mechanisms and policies for expanding industrial
enterprises and industrial resources; policies for exploiting natural resources
and minerals and protecting the environment and adapting to climate change in
industrial development.
Thanks to the active and drastic direction of the provincial Party Committee
and People's Committee, progress has been made in terms of investment
attraction and its industrial sector, contributing to the locality’s economic
growth.
The industrial production value increased by 2.81% per year in the 2018 - 2022
period. The proportion of workers in the industry and service sectors rose from
33.85% in 2019 to 40% this year.
Attention has been paid to the planning and construction of industrial
infrastructure, creating favourable conditions for attracting industrial
projects. Currently, there are 16 planned industrial parks with a total area of
over 4,000ha.
No facilities that cause serious environmental pollution have so far been
reported in the locality.The rate of hazardous waste treated has reached
over 95%. A number of key industrial sectors have been formed, creating
motivation for development. Administrative and institutional reform and policy
mechanisms building have met the requirements of industrial development.
In order for the industry to develop properly and play a vital role in leading
other economic sectors, the province aims to lure investment in the industrial
sector towards improving productivity and quality, using less resources and
energy and becoming friendly to the environment.
Priority will be given to attract industrial projects producing key products to
effectively and competitively participate in the global value chain such as
projects involved in producing and manufacturing electronic components and
equipment; those with high intellectual content, creating great added value and
consuming less resources and energy or causing environmental pollution.
The province strives to achieve the goal that by 2025, the proportion of
industry-construction accounts for 54% of the economic structure and the
occupancy at industrial parks reached over 80%.
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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