(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.
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.
