(HBO) – The prolonged COVID-19 pandemic has adversely affected all socio-economic aspects, including the industrial sector. However, thanks to directions issued by all-level Party committees and administrations, appropriate solutions proposed by relevant agencies to address difficulties and facilitate production and business and, especially, local enterprises’ determination and adaptability, the industrial sector of Hoa Binh has managed to record growth, serving as an important driving force for the province’s socio-economic development.
Starting
manufacturing in February 2020, the ANTONA joint Stock Company, based in Luong
Son Industrial Park, has provided jobs for 60 people with monthly per capita
income of over 5 million VND (220 USD).
Hoa Binh currently accommodates more than 350
industrial production projects, over 60 percent which have become operational.
The province has paid attention to attracting
projects to the high technology, manufacturing, support, and construction
material industries, while prioritising the ones that are environmentally
friendly and efficiently use local materials. It is pushing ahead with
industrial restructuring by promoting spearhead industries and the sectors it
has advantages for. Besides, authorities are also encouraging the sectors
directly producing export items so as to improve their added value.
Speeding up the restructuring of industries,
craft industries, and the rural economy, localities in Hoa Binh are strongly
switching to manufacturing the products that the province has strength in,
forming concentrated production zones, and bolstering the transfer of production,
preservation, and processing technology.
Thanks to appropriate orientations and timely
mechanisms and policies, local industrial production has sustained fair growth.
Some key industries and the sectors Hoa Binh has comparative advantages for
have maintained growth and posted a surge in production output.
On an annual basis, the industry - construction
value has risen by 7.33 percent on average. Meanwhile, the industrial
production value has grown by 13.52 percent and the industrial production index
10.5 percent. The industrial structure has recorded a positive shift as seen in
the processing industry holding a larger proportion and mineral mining
shrinking gradually.
The recent achievements in industrial
development have provided an important driving force for departments, agencies,
and localities in Hoa Binh to perform the task set up in the resolution of the
17th provincial Party Congress: developing the industrial sector into a true
economic impulse that grows fast, sustainably, and effectively, promotes other
economic sectors, helps realise social goals, and raises the percentage of
industry - construction in the local economy to 54 percent by 2025./.
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.
