(HBO) - Hoa Binh province’s plan of investment from the State budget is 4.56 trillion VND, of which the amount of assigned public investment is 3.948 trillion VND and the capital allocated to each project, 3.831 trillion VND.
The investment from
the provincial budget is 1.998 trillion VND, the targeted capital from the
central budget 461.7 billon VND, the official development assistance (ODA) 734.5
billion VND, the capital from the national target programme 754.1 billion VND,
the reserve capital from the medium-term public investment plan for 2016-2020
and the 10 trillion VND investment for key national projects 100 billion VND.
Meanwhile, the capital without detail allocation is 116.8 billion VND.
Contractors are speeding up
construction on Hoa Binh 2 Bridge (Hoa Binh city) – a priority project.
By the end of June,
public investment disbursement was estimated at 1.161 trillion VND, equal to 40
percent of the capital plan assigned by the Prime Minister. Of the total, 1.028
trillion VND from the provincial budget was disbursed, equal to 48 percent of
the plan assigned by the Government leader, and 558.7 billion VND from the
central budget, equivalent to 30 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.