(HBO) – Hoa Binh City, Luong Son district and the northern part of Lac Thuy district have been set as urban, industrial and dynamic zone of Hoa Binh province.
Hoa Binh City’s transportation and urban
infrastructure basically meet development demand.
The provincial Party Committee and People’s
Committee directed effectively performing the Party and State’s policies and
guidelines on planning work, improving planning quality and management in line
with the law, and completing the provincial planning for the 2021-2030 period
with a vision to 2050.
Located in the dynamic zone, Hoa Binh City
considered it a favourable condition for development. Over the past years, the
city has attached importance to improving the efficiency of using, managing and
upholding resources of the economy, especially socio-economic infrastructure.
At present, the dynamic zone is home to almost
local industrial parks (IPs) and industrial park clusterswith 7 IPs, or
87.5 percent, and 10 IP clusters, or over 60 percent of the total in the
province. Luong Son IP and IP on the left bank of Da River have basically
completed technical infrastructure. Four IP clusters have been put into
operation. Among 635 valid projects in the province, Hoa Binh City accounted
for the most with 203 projects, followed by Luong Son with 198 projects and Lac
Thuy 64. As many as 92.5 percent of projects by forest investors are based in
the dynamic zone, mostly in the fields of processing, electronic spare parts,
construction materials, electricity and water production and distribution.
There are service and tourism projects like Phuong Hoang and Hilltop Valley
golf courses, Thang Thien waterfall tourism area, resorts and garden houses.
The urbanisation rates of Hoa Binh City, Luong
Son district and Lac Thuy district hit nearly 78 percent, 45 percent and 25.45
percent, respectively.
The province estimated that the dynamic zone
contributed about 70 percent of the local State budget revenue, over 90 percent
of export revenue and 70 percent of economic scale of the province. The zone
also recorded the highest income per capita and the lowest rate of poor
households. In Hoa Binh City alone, average income per capita reached 75
million VND in 2021 while the rate of poor households was reduced to 0.97
percent./.
Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.
Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.
The Hoa Binh provincial People's Committee has issued Decision No. 2767/QD-UBND announcing the rankings of departments, agencies, districts and Hoa Binh city in the Public Administration Reform Index (PAR) and the Satisfaction Index of Public Administration Services (SIPAS) in 2024.
The cultivation of Dam Xanh fish (Bangana lemassoni), a unique fish species, has seen remarkable growth in Mai Chau district, thanks to its high economic value and effectiveness. Initially concentrated in Van Mai commune, farming has now extended to four other communes, namely Mai Hich, Mai Ha, Chieng Chau, and Son Thuy. These areas benefit from pristine underground water flowing from mountain crevices, providing ideal conditions for raising this specialty fish.
In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.
In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.
