(HBO) – The province's industrial production index in January 2023 was estimated to increase 7.21% compared to December 2022 but decreased by 14.96% year-on-year.
Of which, the mining industry saw a decline of 49.92% compared
to December 2022 but picked up 9.89% over the same period last year; the
manufacturing and processing industry's index dropped 10.16% compared to
December 2022 but increased by 0.43% over the same period last year. The
electricity production and distribution industry surged by 45.67% compared to
December 2022 but plummeted by 27.55% on a yearly basis and the water supply
industry suffered from a 31.74% drop compared to December 2022 and a 5.49%
decrease over the same period last year.
The January industrial production index of the province
increased mainly in the field of electricity production.
Electricity production in January 2023 reached 531 million KWh,
up 172 million KWh, or 48.01% compared to the previous month.
Hoa Binh city is transitioning to modern and sustainable agriculture by leveraging its natural advantages to efficiently develop crop cultivation and animal husbandry. The city is applying scientific and technical advancements to farming, processing, and distribution while expanding export markets, significantly increasing production value and incomes for farmers.
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.
