(HBO) – Contractors and workers are racing with time by working day and night to complete a number of items of the expanded Hoa Binh hydropower project in 10 days before Hoa Binh water level rises, avoiding harms to the work.
Representatives from the Power Project
Management Unit No.1 and contractors inspect the progress of the expanded Hoa
Binh hydropower project.
The expanded Hoa Binh hydropower project is a national major project which was
launched following an order by the Prime Minister on January 10, 2021. The
project has two turbines with capacity of 480MW each. It is expected to
generate nearly 900 million kWh of electricity each year after becoming
operational. The project includes digging 3.8 million cu.m of soil and
rocks, and 370,000 cu.m of concrete, and installing 15,000 tonnes of
equipment.
Currently, the bidding package No.1 is being underway with total contract value
of over 3 trillion VND.
Colonel Tran Ngoc Tuan, Director of the Board of Directors of the construction
contractor joint venture, said that in the current stage, the construction of a
dyke around water intake gate in upstream of Hoa Binh Reservoir and the
foundation of the plant at elevation of 31m are among extremely important items
that must be completed as scheduled. Therefore, contractors are working hard to
ensure their progress.
According to Vice Director of the Power Project Management Unit No.1 and
Executive Director of the project Pham Thanh Hoai, once completed, the expanded
Hoa Binh hydropower project is expected to increase the power supply capacity
of the national power grid, creating favourable conditions to optimise the Hoa
Binh hydropower plant’s annual discharged water in the flood season for power
generation, improving the frequency regulation and frequency stability of the
national power system, contributing to cutting the system cost, reducing the
working intensity of existing turbines, thus prolonging the equipment's
longevity and saving maintenance and repair costs.
For Hoa Binh, the construction of the project has helped create jobs for local
firms and labourers. Its operation will help increase State budget revenue of
Hoa Binh every year. Particularly, the project will help connect An Duong Vuong
street in Thai Binh ward of Hoa Binh city with new Ba Cap Port, thus boosting
tourism and waterway transport development in the Hoa Binh Reservoir basin
area./.
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.
