(HBO) – Striving to maximise advantages brought about by free trade agreements so as to expand export markets, especially for high added-value products to markets that are on the course of prompt recovery after COVID-19, Hoa Binh posted positive results in exports-imports in the first quarter of 2022.
Export revenues hit 361.85 million USD in the
period, enjoying a year-on-year surge of 86.13 percent and reaching 25.18
percent of the year’s plan.
Photo: In the first three months, Esquel
Vietnam garment-textile company in Hoa Binh’s Luong Son industrial park strived
to restore production to contribute to the provincial export revenues.
Export turnover of electronic products was
estimated at 208.12 million USD, expanding 101.01 percent against the same
period last year and accounting for 57.5 percent of total revenues.
Garment-textile raked in 106.23 million USD in Q1, up 52.28 percent and making
up 29.35 percent.
It is worthy of note that the export of farm
produce also saw recovery, but only made up 5 percent in the total exports and
did not align with the province’s potential. Hoa Binh’s products were mainly
shipped to traditional markets of the US, Europe, China, the Republic of Korea,
Japan, Russia and ASEAN nations.
Also in the quarter, the province imported
goods worth nearly 272.47 million USD, rising 72.56 percent compared to the
same period last year and hitting 24.84 percent of the year’s plan./.
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.
Amid efforts to streamline the administrative apparatus, Hoa Binh province has intensified measures to address challenges in land clearance, resettlement support, and infrastructure investment, aiming to speed up the progress of key projects.
Hoa Binh province has posted an unprecedented economic growth rate of 12.76% in the first quarter of 2025, marking its highest quarterly performance to date and positioning it as the second fastest-growing locality in the country, trailing only Bac Giang province.
Under current regulations, products in the One Commune – One Product (OCOP) programme that are rated three stars or higher must undergo re-evaluation every three months. However, in reality, some of these products fail to consistently meet the required standards, raising concerns about the sustainability of their OCOP certification. This underscores the urgent need for producers to enhance product quality and gradually develop their OCOP products into strong, marketable brands.
