(HBO) – Hoa Binh earned more than 52.7 million USD from exports in August, an increase of 0.31 percent from the previous month.
The latest figure brought the province’s total export turnover in
the first eight months of 2018 to approximately 404.5 million USD, up 22.44
percent year-on-year and representing 66.31 percent of the yearly target.
The export of goods reached over 49.4 million USD this month,
raising the 8-month figure to more than 378.7 million USD, up 23.56 percent
year-on-year and equivalent to 66.33 percent of the yearly target. Meanwhile,
the export value of services was estimated at 3.31 million USD in August,
bringing the 8-month figure to 25.75 million USD, up 8.06 percent and
equivalent to 66.03 percent of the goal.
Transon Ltd., Co from the Republic
of Korea operates in Luong Son Industrial Park, Hoa Binh, providing jobs for
many local workers.
The province’s key export items included electronics, clothing and
agricultural products while its largest buyers were the United States, the
European Union, Russia, Japan, China and the Republic of Korea.
Hoa Binh’s imports in August amounted to nearly 43.14 million USD,
a rise of 3.23 percent from July. The aggregated amount for the first eight
months of the year came to over 311.5 million USD, up 12.74 percent
year-on-year and accounting for 63.57 percent of the yearly goal./.
Hoa Binh province’s economy posted an impressive Gross Regional Domestic Product (GRDP) growth rate of 12.67% in the first quarter of 2025, representing a 12.76% year-on-year increase, the highest rate recorded since the beginning of the current tenure, according to the provincial Statistics Office. This robust growth reflects years of strategic groundwork and sets a strong foundation for the province’s annual growth target of over 10%.
With a focus on cash crop farming with science - technology application and brand building, Lac Thuy district is gradually increasing production value, improving people's life quality, and laying the foundation for sustainable socio-economic development.
In recent years, the economic development model "Hoa Binh Earthworm Farm” run by Mr. Bui Van Dang in Co Giua Hamlet, My Thanh Commune (Lac Son district) has not only brought stable economic value but it is also environmentally friendly, helping to protect and reduce pollution, contributing to the construction of a green and sustainable agriculture.
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
