(HBO) – The provincial Department of Industry and Trade on January 12 organised a conference to review performance in 2020, and carry out tasks and plans in 2021. Vice Chairman of the provincial People’s Committee Nguyen Van Chuong attended and gave direction at the event.
Leader of the Department of Industry and Trade presents certificates of merit to organisations that have excellent achievements in 2020.
Last year, the sector implemented various measures to promote production and business, helping ensure sufficient essential supplies for local people amidst complicated developments of the COVID-19 pandemic.
Value of local industrial production was estimated at over 43 trillion VND (1.87 billion USD), a year-on-year surge of 15 percent, while revenue from retail sales was 37.68 trillion VND, up 18.88 percent from the previous year. The province gained more than 1 billion USD in export revenue, rising 31.72 percent year-on-year. Meanwhile, spending on imports increased 37.8 percent to 875 million USD.
Local consumer price index went up 2.28 percent.
This year, the sector targets to achieve 8 percent growth in industrial production, as well as gain over 44.46 trillion VND in revenue from retail sales and services and 980 million USD from exports. The consumer price index will be kept under five percent.
Additionally, it will work to help 99.82 percent of the local households access the national power grid.
At the conference, Chuong spoke highly of the sector’s achievements in the year, asking it to sharpen focus on supporting investors to complete infrastructure at industrial parks, and removing bottlenecks to develop import and export markets.
Due attention should be paid to carrying out the project "developing markets for Hoa Binh province’s key agricultural products during the 2020-2025 period with vision to 2030” in an effective fashion, he said, adding more efforts are needed to promote administrative reform and prevention of corruption and waste./.
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.
