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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%.
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
Amid efforts to streamline the administrative apparatus, Hoa Binh province has intensified measures to address challenges in land clearance, resettlement support, and infrastructure investment, aiming to speed up the progress of key projects.
Hoa Binh province has posted an unprecedented economic growth rate of 12.76% in the first quarter of 2025, marking its highest quarterly performance to date and positioning it as the second fastest-growing locality in the country, trailing only Bac Giang province.
Under current regulations, products in the One Commune – One Product (OCOP) programme that are rated three stars or higher must undergo re-evaluation every three months. However, in reality, some of these products fail to consistently meet the required standards, raising concerns about the sustainability of their OCOP certification. This underscores the urgent need for producers to enhance product quality and gradually develop their OCOP products into strong, marketable brands.
