(HBO) – The northern mountainous province of Hoa Binh exported 791.9 million USD worth of goods and services in 2019, an increase of 24.48 percent from a year earlier, fulfilling the province’s yearly target.
The R Technical Research Vietnam contributes
largely to Hoa Binh’s total exports.
Exports of goods
reached 749.9 million USD, up 25.59 percent year on year while those of services grew 7.55 percent to 42 million USD. About 90.6
percent of the total export revenue was generated by FDI enterprises.
northern midland and mountainous provinces, Hoa Binh ranked fifth in exports
and sixth in exports per capita.
Last year, the
province has taken a number of measures to boost exports. For example, it has accelerated trade
promotions by organising many
trade fairs and exhibitions across the province. Local enterprises were
assisted to take part in trade fairs and
exhibitions both in the country and overseas to promote trade and promising exportstaples, such as processed
food, aquatic products and farm produce.
A number of the
province’s products have gained a stronger foothold on traditional markets like the EU, the US, the
Republic of Korea, Japan and China and make inroads into new markets.
Hoa Binh has made
efforts to attract investment, particularly foreign direct investment (FDI), to
expand production and increase the volume of goods for exports.
So far, the province
has had more than 30 exporters. The Asian region was the province’s largest market, accounting for 35.15
percent of the total exports, followed by the EU (15.47 percent), the North
America (15 percent) and the Eastern Europe (1.53 percent).
have focused more on investing in e-commerce, personnel training, and official
websites to effectively attract customers and develop export markets./.
(HBO) – As of the end of 2019, 88 out of the 191 communes in Hoa Binh were recognised as new-style rural areas, up 25 compared to the previous year.
(HBO) - Over the past years, Hoa Binh province has created conditions for businesses specialising in agricultural products in the locality to meet their counterparts nationwide in order to seek cooperation opportunities and expand markets. The move aims to promote trade and build brand names for local agricultural products, especially high-quality ones.
Foreign direct investment (FDI) pledges to Vietnam in the first three months of 2020 fell by a sharp 20.9% over the same period of 2019 to US$8.55 billion, according to the Foreign Investment Agency.
(HBO) – In the face of the COVID-19 pandemic’s impact on many economic sectors, some commercial banks in Hoa Binh province have decided to extend debt payment deadlines, not charge interest on late payments, and assist people and businesses to access preferential loans to overcome difficulties.
(HBO) - Hoa Binh province is currently home to more than 900 enterprises and 30,000 households doing business in trade, services and tourism. Among them, nearly 3,000 companies have applied IT to transactions.
(HBO) - In 2019, enterprises in Hoa Binh province faced a lot of difficulties, although their operations showed progress. To date, the province has had 3,575 enterprises and 645 branches and representative offices, with a total registered capital of nearly 35 trillion VND. Of the total, there are 2,931 operating enterprises.