(HBO) - In the first quarter of 2023, the index of the industrial production in the province was estimated to increase by 10.67% compared to that of the same period last year. The value of the industrial production was estimated at 10,487.8 billion VND, increasing 9.03% compared to that of the same period last year.

Tien Tien industrial cluster (Hoa
Binh city) has been mobilized the resources to invest in the transport
infrastructure.
According to the assessment of
the functional sectors, the industrial sectors in the province are basically
stable and have a good growth rate, of which a number of key products of the
processing and manufacturing industry tend to increase compared with the same
period last year. They include beer, beverages of all kinds, electronic
products. The industry of electricity production and distribution has a stable
growth rate, ensuring to meet the electricity demand for production, business
and people's daily life. There is an increasing sign in the mining industry;
the value of the industry's production was estimated at 130.9 billion dongs,
increasing 10.2% compared to that of the same period last year.
In Lac Thuy district, communes have been succeeded in promoting their One Commune-One Product (OCOP) products while others are still struggling to position their typical farming products in market. Some communes in the district still fail to have their products met OCOP programme’s requirements, while others have seen their certifications expired.
The inspectorate agency of Hoa Binh province has issued Official Dispatch No. 1090/TTr-PCTN to provincial departments, agencies, localities, business associations, enterprises, and investors regarding measures to improve informal component indexes of the Provincial Competitiveness Index (PCI).
Hoa Binh is taking concrete steps to improve its investment environment, with a strong focus on supporting businesses, settling obstacles for strategic investors, and creating opportunities for robust development in the coming years.
Under the blazing early summer sun, the construction site of Nhuan Trach Industrial Park (IP) in Luong Son district is abuzz with activities from dawn to dusk, a testament to the determination of the investor to meet their construction targets on schedule.