(HBO) – Under the leadership of the provincial Party Committee, Hoa Binh province has obtained several significant outcomes during the implementation of the Party Central Committee’s Resolution No. 05-NQ/TW, which specified some major policies aimed at continuing to reform the growth model and improve growth quality, labour productivity, and competitiveness of the economy.
Hoa
Binh province has mobilised resources for developing infrastructure and
promoting growth. Photo: Hoa Binh 3 Bridge has helped fuel trade and urban
development in Hoa Binh city.
The province recorded average annual growth of
6.31 percent between 2016 and 2020, the size of the local economy was expanded
from 36.85 trillion VND in 2016 to 51.96 trillion VND (nearly 2.3 billion USD
at the current exchange rate) in 2020, and per capita gross regional domestic
product (GRDP) reached 60.3 million VND last year. The local economy has seen
expanding industry and service sectors and had its dependence on natural
resources gradually reduced.
During the period, agriculture grew by some 3.98
percent, a pace almost doubling the national average, making Hoa Binh one of
the best performers in this regard in the northern mountainous region.
Outstanding outcomes have been achieved in building new-style countryside, with
55 of the 129 communes and three of the 10 district-level localities recognised
as new-style rural areas, and 12 communes meeting advanced standards.
The growth quality in many aspects has been
promoted, with science - technology making more contributions, labour
productivity rising 10.38 percent annually on average, and investment capital
used more effectively, and the total factor productivity making up about 27.02
percent of local growth.
Meanwhile, the province’s intellectual property
development programme has helped boost the registration for industrial and
intellectual property rights over many products. It has assisted businesses and
people to commercialise and enhance the competitiveness of local specialties.
Hoa Binh has also effectively managed and used
resources for infrastructure building and socio-economic development. A number
of structures have been put into operation, helping attract investment to
eco-tourism, urban development, industry, and trade. Many projects have proved
useful for facilitating production and improving people’s living standards.
However, the Standing Board of the provincial
Party Committee admitted that apart from achievements, there remain certain
shortcomings and weaknesses in the economic restructuring and growth model
reform process.
To maintain achievements, address shortcomings,
and continue implementing the resolutions of the Party Central Committee and
the provincial Party organisation, the Standing Board of the provincial Party
Committee has ordered the building of a resolution on economic restructuring
and growth model reform so that the local economy will be on par with the
national average.
Ngo Van Tuan, member of the Party Central
Committee and Secretary of the provincial Party Committee, stressed that the
Standing Board’s resolution must aim at successfully implementing the
resolution of the 17th provincial Party Congress and match the local reality.
It needs to clarify resources, assign detailed tasks, and orient the 2021 -
2025 economic development towards turning agriculture into the foundation,
industry into the breakthrough, and tourism into the spearhead sector./.
Appreciating the abundant potential and strengths of his hometown for tourism development, Ha Cong Hung, Deputy Secretary of the youth union of Mai Chau district’s Mai Hich commune, embarked on producing smoked meat with a desire to introduce his homeland's specialty to domestic and international tourists.
Hoa Binh farmers are investing big in their chilli pepper cultivation areas after the first batch of 7.5 tonnes of pickled chilli peppers was shipped to the Republic of Korea (RoK) by Tien Ngan Trade and Investment Co., Ltd last month.
Recognising the role and importance of developing the collective economy, the northern province of Hoa Binh has promptly issued support policies to propel the development of the economy, making important contributions to local socio-economic development.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
