(HBO) – Hoa Binh’s export turnover has seen significant growth this year thanks to the province’s efforts to explore new foreign markets and maintain a strong foothold in traditional ones.
In 2018, Hoa Binh earned 616.15
million USD from exports, up 20.81 percent from the previous year and 1.01
percent higher than the yearly target.
Exports of goods totaled 557.1
million USD, a year on year increase of 21.75 percent and 1.07 percent higher
than the yearly goal while exports of services were valued at 39.05 million
USD, up 8.47 percent and 0.13 percent higher than the annual target.
This year, local firms have been actively
looking for new markets, exploring investment opportunities and accelerating
trade promotion activities. A number of enterprises have experienced high
growth with stable business performances, such as Esquel Garment Manufacturing
Vietnam – Hoa Binh and Seyoung Inc.
Workers
at Vietnam-Korea textile and garment company are striving to fulfill its export
orders.
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.
