(HBO) – Hoa Binh is striving to bring its economic growth rate to the national average in 2025, which is part of the targets of Resolution 09-NQ/TU issued by the provincial Party Committee’s Standing Board on December 31, 2021, on economic restructuring in association with the transforming of growth model.
Photo: Hoa Binh expects 54 percent of the
industry-construction sector’s proportion in the provincial economic structure.
In the photo: Production at An Phuc garment and textile company in Yen Thuy.
Under the resolution, Hoa Binh aims to reform its economic structure in both
depth and width, enhancing the efficiency of investment, promoting strong
industries and products, and associating fast growth with social progress and
environmental protection, as well as climate change towards sustainable
development.
Specifically, in the 2021-2025 period, Hoa Binh strives to achieve gross
regional domestic product (GRDP) growth of at least 9 percent each year, and
productivity increase of 8 percent per year. In the period, the rate of poor
households is hoped to reduce 2.5-3 percent per year.
The economic structure is expected to continue to be transformed towards a
higher proportion of industry and service and lower rate of the
agro-forestry-fisheries sector. By the end of 2025, per capita GRDP of Hoa Binh
is hoped to reach about 100 million VND (4,408 USD) per year.
Total social investment in the 2021-2025 period is to top 120 trillion VND,
equivalent to about 32 percent of its GRDP, with an average annual rise of 8.2
percent. In the five years, Hoa Binh expects 280 domestically-invested projects
worth about 80 billion VND and 30 foreign-invested projects with a combined
capital of about 1 billion USD.
In 2025, the rate of trained labourers is expected to reach about 63 percent,
while digital economy is hoped to make up about 20 percent to the GRDP.
To this end, the resolution gave eight major solutions, including promoting
communications to create higher social consensus, speeding up provincial
planning, administrative reform and digital transformation as well as business
environment improvement to attract more investment, improving human resources quality,
and enhancing the value of forest production./.
The provincial Department of Agriculture and Rural Development on November 20 coordinated with Hai Dang Group Hoa Binh Seafood Company Limited to release 1.5 tonnes of fries into Hoa Binh Lake to regenerate aquatic resources, with a total value of 266 million VND (10,460 USD).
On the afternoon of November 16, Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the provincial Party Committee, held a reception for a delegation from the Indian Embassy led by Ambassador Sandeep Arya. The delegation included the chairperson of the Indian Chamber of Commerce in Vietnam, embassy personnel, and Indian businesses operating in Vietnam. Accompanying Long at the meeting were leaders of the provincial People's Committee and representatives from various departments and sectors.
Hoa Binh province hosted the "Meet India 2024" conference on November 16, marking a significant step in strengthening bilateral economic ties between Vietnam and India.
In recent times, with its core role in building and fostering great national unity, Cao Phong district's Vietnam Fatherland Front Committee has actively carried out its responsibilities and front work, and closely collaborated with member organisations to encourage locals to implement the Party’s guidelines, and the State’s policies and laws. At the same time, it has worked to promote the dynamism, creativity, and contributions of officials, Party members, and local people to help the district develop further.
From a type of bulb used as a seasoning for daily meals, thanks to the efforts of local authorities and farmers, shallots have become a commercial crop in Yen Thuy district, contributing to promoting the transformation of crop structure in agricultural production, bringing higher incomes to locals.
