(HBO) – Hoa Binh’s Index of Industrial Production (IIP) in July grew by 15 percent
month on month and 22 percent year on year, according to local authority.
Photo: The wood processing factory of Son Thuy JSC in
Mong Hoa commune, Hoa Binh city, provides jobs for more than 150 workers.
Among
sub-sectors, production and distribution of electricity, gas, hot water and
steam spurred 65 percent and mining was up 5.6 percent. Meanwhile, processing
and manufacturing, and water supply and wastewater treatment were down 2.5
percent and 2 percent, respectively.
The complex
development of the COVID-19 has been taking toll on industrial production.
Despite many challenges posed by the pandemic, local manufacturers have
flexibly undertaken measures to adapt to the "new normal” and keep the production
going.
The provincial
People’s Committee has directed local departments, sectors and districts to
actively support investors in completing infrastructure at industrial parks and
clusters and help them tackle difficulties in land clearance to boost
investment./.
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.
