(HBO) – Vietnam in general and Hoa Binh province in particular have still sustained good exports growth although the COVID-19 pandemic has been developing complicatedly around the world and disrupted international trade, according to the provincial People’s Committee.
The Esquel Garment Manufacturing (Vietnam) Co. Ltd, based in Luong Son Industrial Park, has managed to concurrently fight against COVID-19 and maintain operations, thus substantially contributing to total export value of Hoa Binh province.
In November, the province recorded about 118.198 million USD in exports, up 5.77 percent month on month. The 11-month figure is estimated at almost 1.1 billion USD, up 34.22 percent year on year and equivalent to 89.84 percent of this year’s target.
Aside from traditional markets such as the US, Japan, China, the Republic of Korea, and the EU, Hoa Binh has also boosted shipments to some new markets.
Also in November, it imported 93.719 million USD worth of goods, up 10.17 percent from the previous month. The import turnover stood at around 877.927 million USD in 11 months, up 18.15 percent year on year and equivalent to 89.58 percent of the target for this year.
The province has been working hard to diversify export markets and capitalise on the domestic market, aiming to achieve annual exports and imports growth rates of 18 percent and 12 percent on average./.
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.
The Hoa Binh provincial People's Committee has issued Decision No. 2767/QD-UBND announcing the rankings of departments, agencies, districts and Hoa Binh city in the Public Administration Reform Index (PAR) and the Satisfaction Index of Public Administration Services (SIPAS) in 2024.
The cultivation of Dam Xanh fish (Bangana lemassoni), a unique fish species, has seen remarkable growth in Mai Chau district, thanks to its high economic value and effectiveness. Initially concentrated in Van Mai commune, farming has now extended to four other communes, namely Mai Hich, Mai Ha, Chieng Chau, and Son Thuy. These areas benefit from pristine underground water flowing from mountain crevices, providing ideal conditions for raising this specialty fish.
In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.
In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.
