Despite impacts from the complicated developments in the region and the world, Hoa Binh saw good signals in import-export activities in the first half of 2024.
Leaders of the Hoa Binh Department of Industry and Trade and delegates attend a ceremony to send Bat Bao Minh Trung lotus porridge products to the Czech Republic.
In the first half of this year, Hoa Binh’s export revenue hit 969.6 million USD, a surge of 26.48% year on year, while imports reached 685.51 million USD, up 17.93% over the same period last year.
Of the total, exports of electronics products reached 443.45 million USD, accounting for 45.74%, while that of the textile sector was 317.19 million USD, the metal group 23.930 million USD, the agricultural group 7.878 million USD, and the other goods group 177.147 million USD.
Currently, Hoa Binh has 66 enterprises engaging in import-export activities of five major goods groups - electronic components (17), textile and garment (21), metals (2), agriculture (9), and other goods group (17).
In addition to traditional products such as electronic components and textiles, Hoa Binh has successfully expanded the export of typical agricultural products to foreign markets such as sugarcane and Dien grapefruit, red-flesh pomelo to the US, the UK and the EU; Bat Bao Minh Trung lotus porridge to Japan and the Czech Republic; Son Thuy longan to the EU; bamboo shoot to Taiwan (China); and Cao Phong orange to the UK, thereby opening up many new opportunities for the province's agricultural products.
The results were attributed to the province and local firms’ efforts to improve designs, increase product quality, and take advantage of opportunities brought about by integration, especially new generation free trade agreements (FTAs), to promote exports.
In the first six months of this year, the provincial Party Committee, People’s Committee, and local enterprises actively engaged in many international trade promotion events in many countries, thus establishing partnership with foreign partners and expanding export markets.
At the same time, the locality has worked to simplify administrative procedures, reducing time and cost for exporters, while improving its business environment, and making investment in upgrading the transport and logistics infrastructure system.
In order to maintain and promote the growth pace in the rest of the year, the province’s industry and trade sector will concentrate on consulting local authorities on grasping the import-export activities of local firms, removing difficulties and obstacles facing them during exporting and business process, and supporting in expanding and diversifying markets and taking advantages of FTAs, especially the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Vietnam-EU FTA (EVFTA), and Vietnam-UK FTA (EKVFTA).
At the same time, the sector will introduce a handbook on origin regulations in the EVFTA applicable to exports of Hoa Binh province and update local firms with information and emerging issues relating to the FTAs that Vietnam is joining.
The provincial Department of Agriculture and Rural Development on November 20 coordinated with Hai Dang Group Hoa Binh Seafood Company Limited to release 1.5 tonnes of fries into Hoa Binh Lake to regenerate aquatic resources, with a total value of 266 million VND (10,460 USD).
On the afternoon of November 16, Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the provincial Party Committee, held a reception for a delegation from the Indian Embassy led by Ambassador Sandeep Arya. The delegation included the chairperson of the Indian Chamber of Commerce in Vietnam, embassy personnel, and Indian businesses operating in Vietnam. Accompanying Long at the meeting were leaders of the provincial People's Committee and representatives from various departments and sectors.
Hoa Binh province hosted the "Meet India 2024" conference on November 16, marking a significant step in strengthening bilateral economic ties between Vietnam and India.
In recent times, with its core role in building and fostering great national unity, Cao Phong district's Vietnam Fatherland Front Committee has actively carried out its responsibilities and front work, and closely collaborated with member organisations to encourage locals to implement the Party’s guidelines, and the State’s policies and laws. At the same time, it has worked to promote the dynamism, creativity, and contributions of officials, Party members, and local people to help the district develop further.
From a type of bulb used as a seasoning for daily meals, thanks to the efforts of local authorities and farmers, shallots have become a commercial crop in Yen Thuy district, contributing to promoting the transformation of crop structure in agricultural production, bringing higher incomes to locals.
