The economic growth rate of Hoang Mai town ranks second in Nghe An province.

In 2023, Hoang Mai town overcame difficulties and challenges to achieve many results in many fields.

Notably, the economic growth rate is estimated at about 12.11%; of which, the industrial - construction sector is estimated to increase by 13.55%; the trade and service sector increases by 12.4%; the agriculture, forestry and fishery sector increases by 5.95%. The average added value per capita is estimated at 80.18 million VND/person/year, an increase of about 4 million VND compared to 2022 (target of 80-82 million VND/person/year).

The economic scale of the town in terms of production value (comparable prices) is estimated at VND 24,268 billion, up 12.15% over the same period, equal to 96.83% of the plan. In the context of economic difficulties, the town's economic growth rate in 2023 is extremely positive.

The growth pole and key economic zone continue to be affirmed, when Hoang Mai town, together with Vinh city and Nghi Loc, are the three units with the largest economic scale and growth rate in the province, with the second highest growth rate in the whole province.

The average value per capita is estimated at 80.18 million/person/year. The state budget revenue in the area is estimated at 278.6 billion VND, equal to 80.89% of the provincial estimate.

The investment environment has been positively improved, attracting more investment projects of a dynamic nature; the construction of synchronous infrastructure has been promoted. The investment environment continues to change positively, most clearly shown by the district competitiveness index (DDCI) of the town ranking 2nd out of 21 districts, cities and towns.

Investment attraction has many positive signals, a bright spot in the province's investment attraction with 01 more FDI project with a total investment of 440 million USD licensed for investment (project of Monocrystalline Silicon Bar and Semiconductor Disc Production Factory in Hoang Mai I Industrial Park); the Hoang Mai 2 Industrial Park infrastructure investment project has been approved for investment policy. The project of investor Ju Teng is under construction; the project of investor Hoa Loi is preparing to complete construction items to install equipment, the above projects are expected to come into operation in 2024.

The town is focusing on mobilizing all resources to invest in a number of key projects and works as a driving force for socio-economic development; completing detailed planning and implementing key projects to create highlights for a young urban area and create momentum and leverage for the locality to promote its advantages in developing industry, trade, services and tourism.

The Party Committee, authorities at all levels, and sectors of the town regularly accompany, receive, share, and find ways to resolve difficulties and obstacles of the business community. In addition, the town has also done a good job of site clearance, ensuring security and order, creating conditions for new investors to participate in the activities of the business community in the area.

Administrative reform work associated with digital transformation in recent times has also received special attention from the town; the administrative reform index of Hoang Mai town ranked 5th out of 21 districts, cities and towns.

The process of building Hoang Mai town to become a type III urban area has improved in quality, and the urban appearance has gradually become more orderly. In 2023, 2 more standards will be achieved, bringing the total number of type III standards to 53/63. Factors of growth poles, industrial centers, and dynamic urban areas have begun to take shape and become increasingly evident.

There have been many advances in the cultural and social fields, social security has been taken care of, the material and spiritual life of the people has been improved; the poverty rate at the end of 2023 was 1.49% (down 0.6% compared to 2022). The town focuses on improving the quality of education, including excellent students, high prizes in exams, and many teachers achieving excellent teaching at the provincial level.

In 2023, the town solemnly organized the 10th anniversary of the town's establishment and received the Certificate of recognition of the town meeting new rural standards and the Third-class Labor Medal. The field of national defense and security has always been maintained and ensured, being the first unit in the province to be recognized as a commune meeting the standards of "Drug-free commune and ward", being the first unit to complete the establishment of the Commune and Ward Military Party Cell.

The work of building the Party and the political system has achieved many important steps. Hoang Mai town is a locality with many creative innovations and good practices, creating a clear change in thinking and action.

Promoting the achieved results, in the coming time, Hoang Mai town will continue to promote the implementation of 3 breakthroughs according to the Resolution of the Town Party Congress for the term 2020-2025; speed up the planning progress to exploit the province's special mechanisms and policies for the town.

Accordingly, the town will focus on supporting and putting a number of large investment projects into operation, contributing to promoting faster and more sustainable economic growth; continue to consolidate and improve the business investment environment; pay attention to investing in the development of cultural and social fields, focusing on building criteria for type III urban areas associated with building a civilized urban lifestyle, improving the quality of comprehensive education, ensuring social security for the people; building an effective and efficient government; and performing well the tasks of national defense and security in the new situation.

All levels and sectors of the town continue to unite, make efforts and be determined in performing tasks, striving to achieve the highest socio-economic targets, creating momentum to complete the targets and tasks of the entire term.