(HBO) - Hoa Binh has met its goals set for import-export turnover in the 2015 – 2020 period, with the figure increasing from 545.5 million USD in 2015 to about 1.9 billion USD in 2020. As such, the average annual trade growth was recorded at 28.5 percent on average, with the export value raising 29.61 percent on an average annual basis. During the period, the province always enjoyed a trade surplus.
Customers explore
products made by the branch of Truong Thinh Cable Co., Ltd in Hoa Son commune
in Luong Son district.
Despite being hit hard by the COVID-19
pandemic since the beginning of the year, the local import-export has gradually
become stable.
Between January and September, Hoa Binh
shipped products overseas for over 645.23 billion USD, up 7.64 percent on year
and fulfilling 62.52 percent of its yearly target. The province’s trade revenue
is expected to hit 1.9 billion USD this year, with export and import values
reaching 987 million USD and 920.5 million USD, marking annual increases of
24.8 percent and 44.96 percent, respectively.
The Hoa Binh Department of Industry and
Trade said the province’s trade expanded significantly in the past five years
with an average annual growth rate of 25 percent. As of 2020, the local export
was ranked fifth and sixth in terms of revenue and per capita revenue in the
region, respectively./.
In Lac Thuy district, communes have been succeeded in promoting their One Commune-One Product (OCOP) products while others are still struggling to position their typical farming products in market. Some communes in the district still fail to have their products met OCOP programme’s requirements, while others have seen their certifications expired.
The inspectorate agency of Hoa Binh province has issued Official Dispatch No. 1090/TTr-PCTN to provincial departments, agencies, localities, business associations, enterprises, and investors regarding measures to improve informal component indexes of the Provincial Competitiveness Index (PCI).
Hoa Binh is taking concrete steps to improve its investment environment, with a strong focus on supporting businesses, settling obstacles for strategic investors, and creating opportunities for robust development in the coming years.
Under the blazing early summer sun, the construction site of Nhuan Trach Industrial Park (IP) in Luong Son district is abuzz with activities from dawn to dusk, a testament to the determination of the investor to meet their construction targets on schedule.
