The Vietnamese government introduced two key resolutions on January 1 aimed at bolstering economic growth in 2019.
Vietnam aims for growth of 6.6-6.8% in 2019.
Resolution 01 concerns measures to implement the socio-economic
plan and budget for 2019, while Resolution 02 deals with continued actions to
improve the business environment in 2019 with a view to 2021.
The overall goals for this year will
continue to be maintaining macroeconomic stability, curbing inflation,
enhancing labour productivity and improving the competitiveness of the economy.
Under Resolution 01, the government has
outlined a number of focuses, including enhancing economic resilience, building
a lean and efficient apparatus and simplifying administrative procedures, among
others.
Meanwhile the goals of Resolution 02 are
to improve Vietnam’s position regarding international rankings on competitiveness,
increase the number of new businesses, and reduce informal costs for
enterprises.
To achieve such targets, the government
aims to continue cutting unnecessary business regulations, fully implement the
reforms already introduced in 2018, and further support innovations and
start-up businesses.
Last year the Vietnamese economy
expanded by an estimated 7.08%, the highest growth rate in 11 years, thanks to
buoyant manufacturing activity and strong exports.
For 2019 the National Assembly has set the economic
growth target at 6.6-6.8%.
Source: NDO
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%.
With a focus on cash crop farming with science - technology application and brand building, Lac Thuy district is gradually increasing production value, improving people's life quality, and laying the foundation for sustainable socio-economic development.
In recent years, the economic development model "Hoa Binh Earthworm Farm” run by Mr. Bui Van Dang in Co Giua Hamlet, My Thanh Commune (Lac Son district) has not only brought stable economic value but it is also environmentally friendly, helping to protect and reduce pollution, contributing to the construction of a green and sustainable agriculture.
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.
