(HBO) – Hoa Binh is striving to bring its economic growth rate to the national average in 2025, which is part of the targets of Resolution 09-NQ/TU issued by the provincial Party Committee’s Standing Board on December 31, 2021, on economic restructuring in association with the transforming of growth model.
Photo: Hoa Binh expects 54 percent of the
industry-construction sector’s proportion in the provincial economic structure.
In the photo: Production at An Phuc garment and textile company in Yen Thuy.
Under the resolution, Hoa Binh aims to reform its economic structure in both
depth and width, enhancing the efficiency of investment, promoting strong
industries and products, and associating fast growth with social progress and
environmental protection, as well as climate change towards sustainable
development.
Specifically, in the 2021-2025 period, Hoa Binh strives to achieve gross
regional domestic product (GRDP) growth of at least 9 percent each year, and
productivity increase of 8 percent per year. In the period, the rate of poor
households is hoped to reduce 2.5-3 percent per year.
The economic structure is expected to continue to be transformed towards a
higher proportion of industry and service and lower rate of the
agro-forestry-fisheries sector. By the end of 2025, per capita GRDP of Hoa Binh
is hoped to reach about 100 million VND (4,408 USD) per year.
Total social investment in the 2021-2025 period is to top 120 trillion VND,
equivalent to about 32 percent of its GRDP, with an average annual rise of 8.2
percent. In the five years, Hoa Binh expects 280 domestically-invested projects
worth about 80 billion VND and 30 foreign-invested projects with a combined
capital of about 1 billion USD.
In 2025, the rate of trained labourers is expected to reach about 63 percent,
while digital economy is hoped to make up about 20 percent to the GRDP.
To this end, the resolution gave eight major solutions, including promoting
communications to create higher social consensus, speeding up provincial
planning, administrative reform and digital transformation as well as business
environment improvement to attract more investment, improving human resources quality,
and enhancing the value of forest production./.
Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.
Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.
Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.
As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.
alternate member of the Central Party Committee, Secretary of the Hoa Binh provincial Party Committee Nguyen Phi Long on March 5 had a working session with Yan Jiehe, Founder and Chairman of the China Pacific Construction Group, one of China's largest private corporations in the field of transport infrastructure. Deputy Secretary of the provincial Party Committee, Chairman of the provincial People's Committee Bui Duc Hinh and leaders of provincial departments and sectors also attended the working session.
The electronic printed circuit board (PCB) manufacturing and processing plant of Japan’s Meiko Group, located at Da River Left Bank Industrial Park in Hoa Binh city with a total investment of over 200 million USD, is expected to create thousands of jobs and make a significant contribution to the local budget.
