Once seen as an industrial "zero" at the time of its re-establishment in 1991 and the following years, Hoa Binh province has undergone a remarkable transformation, emerging as a dynamic industrial hub in Vietnam's Northwest gateway region.
Bo Trai (Left Bank) Da River Industrial Park has attracted investments from foreign-invested firms, contributing to enhancing the local industrial production value.
Over the years, the local administration has seen developing its industrial base as a driver for high and sustainable economic growth, helping stabilise the society, improve local livelihoods while contributing to delivering on the province’s socio-economic targets.
Accordingly, Hoa Binh has channeled focus on modernising its industry and preserving traditional crafts, with a strong emphasis on export-oriented production that delivers high economic value. Industry is also positioned as an important motive for the locality’s industrialisation and modernisation journey.
Hoa Binh’s efforts have delivered tangible results. Its industrial production has reached an annual growth rate of 9% during the 2021-2025 period. Nearly 5,680 hectares have been allocated for industrial development across various industrial parks and clusters, far exceeding targets set by the 17th provincial Party Congress. The industrial - construction sectors now comprise 45% of the provincial economic structure by 2025. Industrial parks and clusters have shown consistently improving occupancy rates year over year while numerous traditional craft villages have received official recognition.
For industry to play a leading role in the local economic development, the province has rolled out harmonious measures regarding planning, business climate improvement, capital mobilisation, human resources, and investment promotion. At the same time, infrastructure development, mineral resource management, and environmental protection have been paid due attention, creating momentum for the industry – handicraft sectors thrive sustainably.
Since 2021, Hoa Binh has accelerated industrial restructuring by concentrating on spearhead areas that leverage the province's resource advantages such as building materials, agro-fishery processing, electronics, textiles, mechanical assembly, beverages, and pharmaceuticals.
It has encouraged industries to evolve from simple processing towards direct export manufacturing. Rural industrial production establishments have received support to invest in advanced technology and build technical demonstration models to improve labour productivity, product quality, and competitiveness amidst strong economic integration in the new situation.
At the same time, the province has promoted the development of local craft villages through the One Commune One Product (OCOP) programme. Currently, the province boasts 42 industrial cooperatives, 11 recognised traditional craft villages, 40 certified outstanding rural industrial products, and 118 provincial OCOP products rated three stars or higher.
The positive outcomes in industry and handicraft have significantly contributed to the province’s economic growth and State revenue, reshaping its labour and economic structure. Manufacturing sectors such as electronic components, agro-forestry processing, food and beverages, machinery, construction materials, textiles, and electrical equipment are emerging as development drivers.
The inspectorate agency of Hoa Binh province has issued Official Dispatch No. 1090/TTr-PCTN to provincial departments, agencies, localities, business associations, enterprises, and investors regarding measures to improve informal component indexes of the Provincial Competitiveness Index (PCI).
Hoa Binh is taking concrete steps to improve its investment environment, with a strong focus on supporting businesses, settling obstacles for strategic investors, and creating opportunities for robust development in the coming years.
Under the blazing early summer sun, the construction site of Nhuan Trach Industrial Park (IP) in Luong Son district is abuzz with activities from dawn to dusk, a testament to the determination of the investor to meet their construction targets on schedule.
In light of the slow disbursement rate of public investment recorded since the beginning of the year, Hoa Binh leaders are stressing the urgent need to identify bottlenecks at each project level and promptly implement targeted solutions to remove obstacles delaying progress.
