(HBO) - The Hoa Binh Hydropower Plant's output reached the benchmark of 250 billion kWh of production electricity at 14:05pm on May 25, making an important contribution to ensuring the country's energy security, said Pham Van Vuong, Deputy Director of the Hoa Binh Hydropower Company - the plant's operator.
The Hoa Binh
Hydropower Plant.
The plant has eight
turbines with total capacity of 1,920 MW. In recent years, the Hoa Binh
Hydropower Company has contributed from 1 – 1.4 trillion VND (43.3-60 million
USD). It also paid 300-450 billion VND (13-19.5 million USD) in resource taxes
to neighbouring Son La province andover 200 billion VND (8,6 million USD)
in forest environment service fees to six provinces in the upstream Da river
basin per year.
The Hoa Binh Hydropower Plant
is now being expanded under a project worth 9.22 trillion VND (399 million
USD). Once completed, the plant will have two more turbines, each with capacity
of 240 MW. The average annual power generation output is estimated at about
488.3 million kWh. As scheduled, the first turbine will generate electricity in
the third quarter of 2024, and the second one in the fourth quarter of that
year./.
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.
