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Economy, jobs and prices in Hoa Binh, Vietnam: official figures

Gross regional domestic product (GRDP) per person in Hoa Binh was 79.4 million dong in 2024 at current prices (preliminary), 28th lowest of 63 provinces and cities; the national figure was 113.6 million dong. In 2020 it was 57.7 million dong.

How fast did the economy of Hoa Binh grow in 2024?

The economy of Hoa Binh (GRDP at constant 2010 prices) grew by 9.12% in 2024 (preliminary), 12th highest of 63 provinces and cities; national GDP grew by 7.04%.

Source: National Statistics Office of Viet Nam (Ministry of Finance) · saved copy

What is the average monthly income in Hoa Binh?

Average monthly income per person in Hoa Binh was 3,601 thousand dong in 2024 at current prices, 13th lowest of 63 provinces and cities; the national average was 5,415 thousand dong.

Source: National Statistics Office of Viet Nam (Ministry of Finance) · saved copy

What is the average monthly salary in Hoa Binh?

Average monthly income per employed person in Hoa Binh was 5,622 thousand dong in 2024 (preliminary), against 7,713 thousand dong nationally.

Source: National Statistics Office of Viet Nam (Ministry of Finance) · saved copy

What is the unemployment rate in Hoa Binh?

The unemployment rate of the working-age labour force in Hoa Binh was 1.19% in 2024 (preliminary), 8th lowest of 63 provinces and cities; the national rate was 2.24%.

Source: National Statistics Office of Viet Nam (Ministry of Finance) · saved copy

What share of workers are in informal jobs in Hoa Binh?

77.1% of workers in Hoa Binh were in informal employment in 2024 (preliminary), compared with 64.5% nationally; in 2020 the figure was 81.8%.

Source: National Statistics Office of Viet Nam (Ministry of Finance) · saved copy

What is labour productivity in Hoa Binh?

Each worker in Hoa Binh produced 139.7 million dong of output in 2024 (labour productivity at current prices, preliminary), against 221.9 million dong nationally.

Source: National Statistics Office of Viet Nam (Ministry of Finance) · saved copy

How many people are in the labour force in Hoa Binh?

Hoa Binh had 514,200 people aged 15 and over in the labour force in 2024 (preliminary).

Source: National Statistics Office of Viet Nam (Ministry of Finance) · saved copy

How many new businesses were registered in Hoa Binh in 2024?

526 new enterprises were established in Hoa Binh in 2024, against 395 in 2023 (national total 157,240 in 2024).

Source: National Statistics Office of Viet Nam (Ministry of Finance) · saved copy

How much foreign investment did Hoa Binh attract in 2024?

Foreign direct investment licensed in Hoa Binh in 2024 came to 5 projects with registered capital of 16.1 million US dollars (national total: 3,375 projects, 38,226.2 million US dollars).

Source: National Statistics Office of Viet Nam (Ministry of Finance) · saved copy

How large are retail sales in Hoa Binh?

Retail sales of goods and services in Hoa Binh were 20.95 trillion dong in 2024 (preliminary, current prices), 6th lowest of 63 provinces and cities.

Source: National Statistics Office of Viet Nam (Ministry of Finance) · saved copy

What is the Human Development Index of Hoa Binh?

The Human Development Index (health, education and income combined) of Hoa Binh was 0.723 in 2024 (preliminary), 30th highest of 63 provinces and cities; the national index was 0.752.

Source: National Statistics Office of Viet Nam (Ministry of Finance) · saved copy

How many people use the internet in Hoa Binh?

77.8% of people in Hoa Binh used the internet in 2024, against 84.2% nationally.

Source: National Statistics Office of Viet Nam (Ministry of Finance) · saved copy

What share of workers in Hoa Binh have a vocational or university qualification?

25.6% of the labour force aged 15 and over in Hoa Binh had a vocational or higher qualification in 2024 (preliminary), against 28.4% nationally.

Source: National Statistics Office of Viet Nam (Ministry of Finance) · saved copy

How Hoa Binh compares with other provinces

GRDP per person, 2024 (million dong, current prices) (2024)

Hoa Binh ranks 36 of 63, highest first. Preliminary figures

RankRegionGRDP per person, 2024 (million dong, current prices)
33Thanh Hoa81.3 million dong
34Kien Giang81.1 million dong
35Vinh Long80.9 million dong
36Hoa Binh79.4 million dong
37Quang Tri77.0 million dong
38Tien Giang76.8 million dong
39Dong Thap76.8 million dong
Source: National Statistics Office of Viet Nam (Ministry of Finance) · saved copy

Unemployment rate of the working-age labour force, 2024 (2024)

Hoa Binh ranks 56 of 63, highest first. Preliminary figures

RankRegionUnemployment rate of the working-age labour force, 2024
53Nam Dinh1.25%
54Dak Lak1.24%
55Thai Binh1.21%
56Hoa Binh1.19%
57Ninh Binh1.07%
58Lam Dong0.74%
59Gia Lai0.70%
Source: National Statistics Office of Viet Nam (Ministry of Finance) · saved copy

Average monthly income per person, 2024 (thousand dong) (2024)

Hoa Binh ranks 51 of 63, highest first.

RankRegionAverage monthly income per person, 2024 (thousand dong)
48Dak Lak3,722 thousand dong
49Dak Nong3,702 thousand dong
50Tuyen Quang3,690 thousand dong
51Hoa Binh3,601 thousand dong
52Lao Cai3,545 thousand dong
53Yen Bai3,502 thousand dong
54Kon Tum3,481 thousand dong
Source: National Statistics Office of Viet Nam (Ministry of Finance) · saved copy

More on Hoa Binh: overview · health · education and schools · poverty and living standards · government budget · Vietnam

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