(HBO) – The Party Committee and People’s Committee of Hoa Binh province are carrying out measures to mobilise capital for development investment and remove difficulties facing production and business activities so as to promote economic growth.
The
resolution of the 16th provincial Party congress for 2015-2020 has set the
target of an annual GRDP growth rate of at least 8.5 percent. By 2020, the
proportion of industry-construction in the local economy will increase by 10.44
percent, agro-forestry-fisheries down 6.32 percent, and services up 4.12
percent.
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The Hoa Binh Knitting JSC, based in the Da River Left
Bank Industrial Park of Hoa Binh city, has provided jobs for more than 400
local residents.
To that end, the provincial People’s Committee
has assigned concrete tasks to departments, sectors and localities to tackle
difficulties and boost growth.
The Department of Finance has to mobilise
additional funding for development investment and cut down regular spending
while still ensuring capital for the implementation of social policies in line
with principles and allocation plans.
The Hoa Binh branch of the State Bank of Vietnam
needs to direct local credit organisations to facilitate businesses, cooperatives,
cooperative groups and households’ access to credit sources. It also has to
encourage credit organisations to open transaction points in rural areas to
meet local credit demand.
Meanwhile, the Department of Agriculture and
Rural Development has to give counseling in terms of farmland use restructuring
while keeping the current area of cultivation stable. It also needs to guide businesses,
cooperatives, business households and farmers in developing production in
accordance with plans and applying high technology, thus improving product
quality and minimise unplanned agricultural practices. Additionally, the agency
needs to carry out solutions to link production expansion with the market’s
demand.
The Department of Industry and Trade is
requested to take measures to boost export and expand markets while
coordinating with the customs department and relevant agencies to simplify
administrative procedures for export-import activities. The department was also
told to improve the management of industrial and mining activities and work
with the Hoa Binh Power Company to build power supply plans to meet economic
and daily activities.
The Department of Construction will have to
review and deal with difficulties facing the projects exploiting limestone for the
production of building materials so that these projects can be resumed.
The Department of Natural Resources and
Environment needs to propose solutions to solve land disputes between
businesses and local residents in order to harmonise both sides’ interests and
ensure people’s livelihoods. It was also directed to create clean land for
investment attraction.
The Hoa Binh management board of industrial
parks was ordered to overhaul the planning of industrial parks and support the
projects already granted with investment certificates to accelerate their
implementation.
Besides, the provincial People’s Committee
assigned the Department of Transport to assist provincial leaders in proposing
the Ministry of Transport supplement the upgrade of National Highways 70 and 15
to the public investment plan. The agency was also asked to enhance
coordination with Son La province to speed up the construction of Hoa Binh –
Moc Chau highway.
Meanwhile, the People’s Committees of
district-level localities were demanded to resolve obstacles in site clearance
in a timely manner to make land ready for public investment and socio-economic
development projects. They were told to carry out administrative reforms in a
more substantive manner to facilitate people and businesses’ activities./.
According to data from the Hoa Binh Provincial Party Committee, the industrial production index for the first six months of 2025 is estimated to have increased by 20% compared to the same period last year. This marks the highest year-on-year growth rate for this period since 2020.
In the first six months of 2025, Hoa Binh province’s export turnover was estimated at 1.145 billion USD, marking an 18.11% increase compared to the same period in 2024. Import turnover was estimated at $ 804 million, a 17.15% increase, which helped the province maintain a positive trade balance.
The lives of the ethnic minority farmers in Tan Lac district have gradually improved thanks to the new directions in agricultural production. This is a testament to the collective strength fostered through the professional associations and groups implemented by various levels of the district’s Farmers’ Union.
With the motto the "product quality comes first,” after nearly one year of establishment and operation, Muong village’s Clean Food Agricultural and Commercial Cooperative, located in Cau Hamlet, Hung Son Commune (Kim Boi district), has launched reputable, high-quality agricultural products to the market that are well-received by consumers. The products such as Muong village’s pork sausage, salt-cured chicken, and salt-cured pork hocks have gradually carved out a place in the market and they are on the path to obtaining the OCOP certification.
In the past, the phrase "bumper harvest, rock-bottom prices" was a familiar refrain for Vietnamese farmers engaged in fragmented, small-scale agriculture. But today, a new spirit is emerging across rural areas of Hoa Binh province - one of collaboration, organisation, and collective economic models that provide a stable foundation for production.
Maintaining growing area codes and packing facility codes in accordance with regulations is a mandatory requirement for agricultural products to be eligible for export. Recently, the Department of Agriculture and Environment of Hoa Binh province has intensified technical supervision of designated farming areas and packing facilities to safeguard the "green passport" that enables its products to access international markets.
