(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./.
After more than four years of implementing a project launched by the Hoa Binh Party Committee’s Standing Board on developing agriculture and promoting product consumption linked with building new-style rural areas for the 2021-2025 period, the province’s industry and trade sector has made significant strides, greatly contributing to local socio-economic development.
Luong Son district has identified 2025 as the year for the accelerated breakthrough to successfully implement the socio-economic development plan for the 5-year period from 2021 to 2025. The district has been focusing on executing the plans and trying to achieve a GRDP growth rate of approximately 15%.
Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.
Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.
Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.
As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.
