(HBO) - According to the evaluation report of the provincial People's Committee, since early this year, the industrial production in the province has maintained a fairly good growth rate. The industrial production index in the past nine months is estimated to increase by 10.36% over the same period last year. The industrial output value is estimated at 23,780 billion VND, increasing by 15.5% in comparison with the same period last year, equal to 75.1% of the plan of this year.
Bandai Vietnam Limited Company (at the Left Bank
Industrial Zone of Da River) creates jobs for hundreds of local workers.
The key sectors and products of the industry
have good growth rate. In particular, the processing industry continues to have
the highest growth rate (all sectors have increased from 5.8% to 35.1% over the
same period) due to the stable price of input materials, favorable for
manufacturing. Electricity production, distribution, water supply and waste
water treatment have been growing steadily (compared with the same period last
year, electricity production increased 6.5%, electricity production increased 5.7%).
Particularly, output of mining products continued to decrease significantly
compared to the same period last year due to difficulties in exploitation
procedures.
In recent times, Hoa Binh province has shown its determination and high sense of responsibility in seriously implementing the directives of the Party Central Committee and its Politburo and Secretariat regarding the streamlining of the political system’s organisational apparatus and the development of a two-level local administration system. The aim is to build a commune-level administration that is close to the people, attentive to their needs, and capable of quickly responding to the demands of both businesses and citizens, while also opening up new development spaces.
Over the past three years, the northern mountainous province of Hoa Binh has begun redefining its position on Vietnam’s service landscape with a series of distintive commercial models, from highland night markets, pedestrian-friendly streets, to logistics centres tied to local agricultural products.
Hoa Binh city has marked a significant step in sustainable forest management as nearly 1,450 hectares of its plantation forests have been granted Forest Stewardship Council (FSC) certification, an international standard required to access major wood markets such as the EU, the US, and Japan.
Construction on the Xuan Thien Hoa Binh lime and light powder factory in Yen Bong commune, Lac Thuy district - a key project of Hoa Binh province - started on April 24.
Hoa Binh city is transitioning to modern and sustainable agriculture by leveraging its natural advantages to efficiently develop crop cultivation and animal husbandry. The city is applying scientific and technical advancements to farming, processing, and distribution while expanding export markets, significantly increasing production value and incomes for farmers.
Hoa Binh province’s economy posted an impressive Gross Regional Domestic Product (GRDP) growth rate of 12.67% in the first quarter of 2025, representing a 12.76% year-on-year increase, the highest rate recorded since the beginning of the current tenure, according to the provincial Statistics Office. This robust growth reflects years of strategic groundwork and sets a strong foundation for the province’s annual growth target of over 10%.
