(HBO) – Hoa Binh province’s gross regional domestic product (GRDP) grew by 16.1 percent in the first half of 2021, the highest in the past three years, the latest data from the provincial Statistics Office shows.
The provincial Statistics
Office announces socio-economic statistics in the first half of 2021.
The
industry and construction posted the highest growth of 32.22 percent during the
period, the office announced in a press conference on June 29.
The
agro-forestry-fishery sector; and services increased 3.57 percent and 5.51
percent, respectively.
As
many as 260 new businesses were established in the province in the first six
months of the year, registering total capital of about 6.48 trillion VND.
Total
retail sales of goods exceeded 4.69 trillion VND, a year-on-year increase of
9.18 percent.
The
office reported that the complexity of the COVID-19 pandemic since the
beginning of the year has taken heavy toll on business and production,
particularly in the fields of tourism and services. Disease outbreaks have also
hit local cattle farming, slowing the reproduction efforts.
The province has also been strengthening preventive measures against the
spread of COVID-19. About 28,200 doses of COVID-19 vaccine have been
administered to priority groups of people in Hoa Binh so far.
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.
