As of October 31, total capital disbursed in Hoa Binh reached over 1.65 trillion VND (around 68 million USD), equivalent to 16% of the plan assigned by the Prime Minister. The figure is estimated to reach only 34% of the plan in 2023.
On the construction site of a road project connecting Tran Hung Dao street to Dan Chu ward in Hoa Binh city. The disbursement of public investment capital for the project is expected to be implemented on schedule.
Speeding up the disbursement of public investment, especially capital from the State budget, is important for promoting economic growth of the country in general, and Hoa Binh province in particular.
Public investment will create a solid momentum for socio-economic recovery and development after the severe and unprecedented impacts caused by the COVID-19 pandemic.
The provincial Party Committee, People's Council, and People's Committee have paid attention to directing the implementation of tasks and solutions to accelerate the disbursement of public investment in 2023.
The Chairman of the provincial People's Committee periodically holds meetings with representatives of relevant departments, sectors and localities to promptly remove difficulties and obstacles related to
investment preparation and land clearance.
However, the disbursement rate in the locality remains low, especially for the socio-economic recovery and development programme, as well as three national target programmes and official development assistance projects.
The low rate of public investment disbursement is one of the reasons behind the slowdown of GRDP growth in the locality in 2023.
The disbursement of public investment is considered a lever to promote economic growth in 2023 and the following years. The work requires a drastic action, responsibility, and close coordination among all sectors and localities, focusing on closely monitoring he implementation of each project, prioritising capital allocation for projects with rapid disbursement speed, and accelerating the progress of projects, and timely solving problems in the clearance work, and speeding up the administrative reform.
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.
