A revolution is unfolding in Hoa Binh province, with broad roads stretching across the terrain, industrial zones humming with machinery, organic vegetable fields rolling out in vibrant green expanses, and tourism destinations emerging, rich with cultural identity.

The determination and unity of the Party committees and administrations at all levels and the local people have created foundational changes in the province’s economic restructuring and renewal of the economic growth model.



Hoa Binh province has paid due attention to developing industrial parks and clusters. In the Photo: The Tien Tien Industrial Cluster in Quang Tien commune, Hoa Binh city. 

The journey began in 2016 when Hoa Binh worked to restructure its economic model. Four years later, the results were promising, with economic scale rising by 41%, to reach nearly 52 trillion VND (over 2 billion USD) in 2020, and per capita regional domestic product (GRDP) touching 60.3 million VND.

Resolution No.09-NQ/TU sets bold roadmap for economic development

The Standing Board of the provincial Party’s Committee issued Resolution No.09-NQ/TU on December 31, 2021, a comprehensive blueprint for local economic restructuring. The ambitious plan aims to bring Hoa Binh's economic performance up to the national average by 2025, with specific, transformative targets.

Key objectives include achieving an average annual GRDP growth of 9%, increasing labor productivity by 8% annually, and reducing poverty rates by 2.5-3% each year for 2021-2025.

The province set its sights on attracting 280 domestic projects worth over 120 trillion VND and 30 foreign direct investment (FDI) projects valued at some 1 billion VND.

Under the resolution, various large-scale projects and plans have been brought into full play, with the one on restructuring the local economy in tandem with the renewal of economic growth motive aimed at improving the efficacy of investment allocation and use, developing industries and projects on the basis on the local strengths and those with high added value and competitive edge, and enhancing labour productivity, among others.

Capitalising on the Government’s support, the province has issued various special policies to attract investments and mobilise resources. Besides, the national target programmes on building new-style rural areas and sustainable poverty alleviation have been integrated with the economic restructuring efforts.

The provincial planning for 2021-2030 with a vision to 2050 was greenlighted by the Prime Minister in late 2023. It looks to inclusive and harmonious development with four pillars of processing and manufacturing industry, clean and organic agriculture, tourism, and development of satellite urban areas in tandem with the preservation of local ethnic groups’ culture. This is the guiding principle for the province to restructure its economic sectors in an effective and sustainable fashion.

A quiet yet powerful transformation unfolds as those used to hillside farms and kitchen duties now set aside their routines to learn to change. The entire rural landscape seems to awaken from years of clinging solely to farmlands. Now locals are gearing towards the future with new hopes. However, even with determination and strong consensus, the province’s economic restructuring journey is not without challenges. What are they and what has Hoa Binh done to overcome the obstacles?

To be continued

 


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