(HBO) - On June 29th, the Provincial Statistics Office held a press conference to announce the socio-economic data for the first 6 months of 2023. There was the attendance of the representatives from the departments, branches and the press agencies in the province.

The delegates
were attending the press conference.
According to
the assessment, over the past time, the Provincial Party Committee, People's
Council and Provincial People's Committee have focused on directing all levels
and sectors to drastically implement the solutions to restore the economic
development and ensure the social security, trying to well implement the
targets and tasks in 2023. In the first 6 months of the year, the total GRDP
product in the province increased by 0.73%, which is lower than the national
average growth figure of 3 ,72%. In the general growth of the whole economy,
the agriculture, forestry and fishery sector increased by 3.5%; the industry and
construction sector decreased by over 2%; the service sector increased by
nearly 4%; product tax area minus product subsidies decreased by more than
2.6%. The size of the economy at the current price is nearly 28 trillion dongs.
The investment capital in the first 6 months was estimated at nearly 10,600
billion dongs, increasing 4,160 billion dongs compared to that of the same
period last year, up 64.69%. The total retail sales of goods were estimated at
more than 6 trillion VND, increasing more than 38% compared to that of the same
period last year. The state budget revenue is estimated at 1,920 billion VND,
which is 74% over that of the same period last year. The average consumer price
index increased by more than 1.4%. In the whole province, there are 200 newly
registered enterprises with a total registered capital of more than 2 trillion
VND; 159 enterprises have registered to suspend production and business
activities; 146 enterprises have voluntarily dissolved; 89 businesses returned
to the market.
Since the
beginning of the year, the province has created jobs for 7,641 employees,
reaching 47.7% of the year plan. The education, health care, culture, sports,
social security and people's life have been paid attention and actively
implemented. The political security, social order and safety have been
guaranteed.
At the press
conference, the leaders from the Statistics Department informed and clarified
some contents that the press agencies have concerned, that is the public
investment capital; the results of the state budget revenues and expenditures
in the province... At the same time, it is hoped that the press agencies will
continue to pay attention and accompany the Statistics sector in providing the
positive information on the socio-economic development situation of the
province.
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.