(HBO) - The success in COVID-19 containment in Hoa Binh has helped the province’s industrial production increase at a faster pace than the national average. However, many businesses and production establishments are still facing many difficulties.
Taking proactive moves, the R Technical Research Vietnam Co. Ltd, based in the Da River Left Bank Industrial Park, has maintained stable operations, thus contributing to the province’s industrial production and export value.
In August, the index of industrial production in Hoa Binh province grew by some 6.22 percent month on month but declined 10.56 percent year on year. In particular, the mining industry contracted by about 1.51 percent while the processing - manufacturing industry rose 13.82 percent; the production and distribution of electricity, fuel gas, hot water, steam, and air conditioners up 1.67 percent; water supply, waste and wastewater management and treatment up 16.32 percent.
To boost industrial development, the provincial People’s Committee has ordered district-level administrations to thoroughly grasp the content about industrial and trade development in the resolutions of the 13th National Party Congress and the 17th provincial Party Congress. Local authorities were also asked to speed up the construction of infrastructure at local industrial parks and clusters to attract more 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.
