(HBO) – Striving to maximise advantages brought about by free trade agreements so as to expand export markets, especially for high added-value products to markets that are on the course of prompt recovery after COVID-19, Hoa Binh posted positive results in exports-imports in the first quarter of 2022.
Export revenues hit 361.85 million USD in the
period, enjoying a year-on-year surge of 86.13 percent and reaching 25.18
percent of the year’s plan.
Photo: In the first three months, Esquel
Vietnam garment-textile company in Hoa Binh’s Luong Son industrial park strived
to restore production to contribute to the provincial export revenues.
Export turnover of electronic products was
estimated at 208.12 million USD, expanding 101.01 percent against the same
period last year and accounting for 57.5 percent of total revenues.
Garment-textile raked in 106.23 million USD in Q1, up 52.28 percent and making
up 29.35 percent.
It is worthy of note that the export of farm
produce also saw recovery, but only made up 5 percent in the total exports and
did not align with the province’s potential. Hoa Binh’s products were mainly
shipped to traditional markets of the US, Europe, China, the Republic of Korea,
Japan, Russia and ASEAN nations.
Also in the quarter, the province imported
goods worth nearly 272.47 million USD, rising 72.56 percent compared to the
same period last year and hitting 24.84 percent of the year’s plan./.
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.
