(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./.
Being located more than 10 km from the center of Hoa Binh city, Sen Vang Organic Farm is in Dong Chua hamlet, Thong Nhat ward. This is an ideal destination for those who want to immerse themselves in the nature and find the peace after the hustle and bustle of life. With an area of over 60 hectares, the farm is systematically planned, harmoniously combining the wild natural landscape and diverse experience areas. Sen Vang chrysanthemum tea is produced from organic, completely natural ingredients.
In 2024, Hoa Binh province witnessed signs of economic recovery, particularly in investment attraction. Notably, several projects are showing good progress, indicating that the vitality of businesses is positively correlated with the overall economic recovery.
The 25th Party congress of the Lac Thuy district for the 2020-2025 term identified the development of industry, trade, and services as its top priorities to drive the shift of the economic structure towards increasing the proportion of industry and services while reducing the that of agriculture, thus contributing to creating a motivation for socio-economic development in the locality.
Hoa Binh HKK Knitting Co. Ltd., located in the Hoa Binh Left Bank Industrial Zone, employs nearly 500 local workers with an average monthly salary of 8 million VND (3,150 USD).
Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.
Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.
