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.
The provincial Department of Industry and Trade developed a two-way trade model to enhance market access for the products of the ethnic minority people in Kim Boi and Lac Son district. The initiative aims at expanding distribution network for local essential goods.
Lac Thuy district has many advantages in terms of climate and soil; hard-working and diligent people, along with a large area of agricultural land to develop safe agricultural models. These are favourable conditions for the district to develop OCOP (one commune one product) products from its agricultural resources and strengths. In addition, its socio-economic infrastructure system has been renovated and upgraded, facilitating the development of trade, services and tourism.
Lac Thuy district of Hoa Binh has recognised the importance of handicrafts and rural industries in the agricultural economy, contributing to improved living standards and poverty reduction. Sustainable growth in these industries has facilitated the restructuring of agricultural production and labour, moving towards industrialisation and modernisation.
Deputy Minister of Construction Nguyen Viet Hung chaired a meeting in Hanoi on December 23 to assess a proposal on recognising Hoa Binh city as a tier-2 urban area under Hoa Binh province. Attending the event was Vice Chairman of the provincial People’s Committee Nguyen Van Chuong, Secretary of the Hoa Binh City Party Committee Nguyen Van Thang, as well as leaders from various departments and the Hoa Binh City People's Committee.
Agricultural production based on value chains is recognised as a sustainable approach that improves production efficiency and raises farmers' and businesses' incomes. Many enterprises and agricultural cooperatives in Hoa Binh have applied high-tech methods to production, linking their efforts to building value chains for their products.
In mid-December, the landscapes of many neighbourhoods and villages in Tan Lac district come alive with vibrant colours and bustling activity as pomelo orchards enter peak harvest season.
The provincial Cooperative Union (CPU) has just organized a conference to promote supply and demand outside the province and display the typical cooperative products of Hoa Binh province in Hanoi. There was the attendance of the leaders from the departments, branches, the provincial CPU, and the representatives of the cooperatives from 10 districts and the city. There was also the attendance of Hanoi city’s representatives of the city CPU and 22 enterprises and cooperatives in Hanoi.
The Cao Phong orange has emerged as a shining example of sustainable agricultural development in Hoa Binh province, distinguished as the first and only locally produced agricultural product to receive a geographical indication certification. Renowned for its thin skin, juicy flesh, and delicate sweet flavour, the fruit has won the heart of consumers for years. Local farmers have made their efforts to cultivate environmentally friendly and consumer-safe products, creating a stable and sustainable brand identity.
In recent years, ethnic minority households in the province have embraced forestry and livestock farming as key drivers of income generation. By harnessing the economic potential of forests, these communities have not only improved their livelihoods but also contributed to sustainable development.
In 2024, the industrial and handicraft
production value in Lac Thuy District is estimated at VND 2,176.3 billion, an
increase of 17.8% compared to 2023. Key products include 114 million fired
bricks, 2.12 million garment products, 272.7 thousand tons of processed forest
products, and various other goods such as agricultural products, household
items, mechanical products, and printed materials.
Da Bac district is striving to complete land clearance for the Hoa Binh - Moc Chau expressway project in the first quarter of next year. As of the end of November, the district handed over land for just 3 km of the road, from km 24+500 to km 27+500 in Cao Son commune.
Participating in the "Week introducing the products of Hoa Binh Province in 2024” recently held in Hanoi, the product introducing booth of Mo Duc Organic Agricultural Cooperative (Nhan Nghia Commune, Lac Son District) attracted consumers' attention. In addition to the district's outstanding OCOP products, the Cooperative proudly introduced the fresh products made from snails such as snail sausage stuffed with snail shells, and snail sausage stuffed with bamboo tubes... Many diners were particularly impressed with these products, so they not only shopped right at the booth but also contacted to order in large quantities.
Black chicken farming model has changed the lives of vulnerable families in Mong Hoa commune of Hoa Binh city.
Commercial eel products of the Thanh Cong Agro-forestry and General Trading Co. Ltd., based in Doan Ket Commune, Yen Thuy District, were certified as a 3-star One Commune One Product (OCOP) item last year. This recognition has secured the company’s position in the market and marked a new economic development direction for the locality.
Recently, the Standing Committee of Cao Phong District’s Youth Communist Union has actively directed the effective implementation of the models of collective economic development among youth, promoting the start-up movement among the youth, and helping each other develop the economy to get rich in their homeland.
Da Bac district leverages its abundant grazing lands and diverse food resources to develop goat farming as a key economic model. This initiative not only enhances incomes but also contributes to poverty alleviation and local socio-economic development.
The year-end is considered a "golden time" to stimulate trade and tourism. Various activities have been organised to seize positive market signals, enhance product branding, and drive socio-economic growth.
Hoa Binh Province currently has over 870
hectares of tea plantations, with six districts having concentrated tea
production areas that boast advantages in soil, climate, history, and
distinctive tea varieties: Yen Thuy, Lac Thuy, Da Bac, Mai Chau, Tan Lac, and
Luong Son.
Recently, Hoa Binh province has continued to review the planning of industrial parks up to 2030 and implemented procedures to prepare subdivision plans for industrial parks as per regulations.
Da Bac district leverages its abundant grazing lands and diverse food resources to develop goat farming as a key economic model. This initiative not only enhances incomes but also contributes to poverty alleviation and local socio-economic development.
Vietnam is home to a rich ecosystem with over 4,000 plant species used in medicine, forming the foundation for the cultural diversity and traditional medical knowledge of various ethnic groups.
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