(HBO) – Hoa Binh province's export turnover in July reached nearly 149.4 million USD, up 5.46% against June. During the first seven months of this year, the province earned more than 915.9 million USD from exports in the first seven months, rising 13.03% year-on-year and reaching 54.04% of the plan for 2023.
GGS Vietnam Co Ltd in Da River Left Bank Industrial Park in Hoa Binh city maintains export orders, ensuring stable income and employment for over 700 employees.
According to the provincial People's Committee, trade promotion and market management have been strengthened, contributing to facilitating domestic trade and export. It is noteworthy that the revenue of enterprises operating in the industrial park records positive changes with export value in seven months reaching over 492 million USD, equal to 63.9% of the yearly plan.
During the January-July period, the province imported about 685.2 million USD worth of goods, a year-on-year increase of 9.75%, reaching 55.75% of the target set for the whole year.
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.
