(HBO) – Hoa Binh city’s industrial and handicraft production was estimated at 580 billion VND in February, an increase of 15.25 percent from the same period last year.
The figure includes 220.5 billion VND generated by local
manufacturers, up 12.9 percent year on year, and 254.5 billion VND by foreign
investors, up 17 percent. Household businesses contributed 105 billion VND to
the total production, up 20.6 percent.
In the first two months of 2020, the city’s industrial and
handicraft production was worth 1.738 billion VND, up 13.5 percent from a year
earlier.
After Ky Son district was merged into Hoa Binh city, the
city plans to focus on supporting business expansion to create jobs for local
people. It will prioritise developing industries it holds advantages in terms
of materials and market.
This year, the city sets to have the service sector accounting
for 48.5 percent of the local economy, followed by industry and construction
(44.2 percent), and agriculture, forestry and fisheries (7.3 percent)./.
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.
