(HBO) – The COVID-19 pandemic has been put under control in Vietnam and countries have gradually reopened their economies. Therefore, export-import activities have recovered.
Son Thuy JSC in Mong Hoa
commune (Hoa Binh city), specilising in woodwork production for export to China,
has contributed to raising Hoa Binh province’s export value.
The
provincial People’s Committee reported that Hoa Binh’s export revenue was
estimated at nearly 48.5 million USD in May, up 32.5 percent from the previous
month.
In
the first five months of this year, the figure stood at some 225 million USD, a
year-on-year decrease of 26.27 percent, fulfilling 21.79 percent of the yearly
target.
Goods
export revenue was close to 46 million USD last month, up 32.94 percent against
April, and 211.1 million USD in the January-May period.
Meanwhile,
the service sector pocketed 2.5 million USD in May, a month-on-month increase
of 25 percent, and 13.8 million USD in the five months.
Hoa
Binh’s import value was estimated at 44.5 million USD in May, up 34.85 percent
month-on-month. However, the figure dropped by 15.92 percent to only 198.1
million USD in the five months, completing 22.65 percent of the yearly
target./.
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.
