(HBO) – Despite economic challenges and difficulties, Hoa Binh’s industry and trade sector has kept striving to fulfill assigned goals, making active contributions to the province’s economic growth.
Leaders of departments, agencies visit Lac Son Plastics Co.Ltd in Lac Son district
Last year, 18 out of the 19 targets were met and surpassed. The province’s GRDP growth was estimated at 9.03%, higher than the target. The GRDP per capita reached 66.7 million VND (2,900 USD) while the total State collection hit 6.41 trillion VND.
Local socio-economic growth was partly attributed to constant efforts by the industry and trade sector. The province’s industrial production index went up 16%, higher than the same period last year and the economy’s common growth. Of this, the manufacturing and processing sector expanded by 15%, and electricity manufacturing and distribution up 19%. Industrial production value climbed up 14.3% annually to over 41.6 trillion VND.
Investment in technical infrastructure in industrial complexes saw progress. The province is home to 16 industrial complexes covering a total area of more than 683.2ha. The combined registered capital topped 2.74 trillion VND, while jobs were generated for about 1,300 workers.
The total retail of goods and services was estimated at over 53.48 trillion VND, up 20.27% year-on-year, or 101.9% of the yearly plan.
Local export turnover surpassed 1.43 billion USD, up 18% from the same period last year, with electronics, lenses and apparel textiles continuing to be key currency earners. The total import turnover was over 1 billion USD.
This year, the sector will focus on improving business environment to attract more capital, stepping up industrial promotion to develop industrial and handicraft facilities in the province.
It will also pool resources for the development of infrastructure in industrial parks and complexes, as well as transport infrastructure, develop handicraft industry in combination with tourism and exports.
With achievements in 2022 and set measures, it is believed that the sector will make considerable strides, contributing to the local sustainable socio-economic development and realising Resolution adopted by the 17th provincial Party Congress for the 2020-2025 tenure./.
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.
