(HBO) – The Hoa Binh provincial People’s Committee targeted 1.437 billion USD in exports and 1.097 billion USD in imports this year. Since the start of 2022, the administration has ordered relevant departments, sectors, and localities to jointly work to tackle difficulties and facilitate trading activities.
A garment factory in Tan Lac district has provided jobs for
about 200 workers and considerably contributed to the province’s export value.
Hoa Binh has been working to fully capitalise on
free trade agreements and expand export markets so as to boost overseas
shipments, especially the commodities with high added value. Efforts are also
being made to attract investment to developing logistics services and
infrastructure so as to improve export and import efficiency. In addition, the province
is stepping up the implementation of a project on developing export markets for
local key agricultural products for 2021 - 2025, with a vision to 2030.
In February, Hoa Binh recorded about 112.91
million USD in exports and 91.24 million USD in imports, respectively rising
2.13 percent and 2.9 percent month on month. That raised the respective
two-month figures to 223.47 million USD and 179.92 million USD, up 15.83
percent and 15.34 percent year on year, and equivalent to 15.55 percent and
16.4 percent of this year’s respective targets./.
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.
