(HBO) - In the first months of 2023, industrial enterprises in Hoa Binh province have maintained production and business activities with good growth rates.



 Garment and textile industry contributes significantly to the province's export turnover. Photo taken at SMA Vina Vietnam-Korea Import-Export Garment joint Stock Company (Hoa Binh city).

Hoa Binh’s index of industrial production (IID) in the first quarter was estimated to increase by 0.5% year-on-year, in which the index of the mining industry rose by 3.57%; production and distribution of electricity, hot water, steam and air-conditioners 3.47%; and water supply, management and treatment of waste and wastewater 12.84%. In the contrary, the IID of the processing and manufacturing sector decreased by 3.45% year-on-year.

Total retail sales of goods and services are estimated at 16.11 trillion VND (686.3 million USD), equivalent to 25.98% of the yearly plan, up 12.9% year-on-year. Consumer price index as of March 2023 increased by 0.33% over the same period, mainly due to the rise in prices of food and foodstuffs, beverages, and garments.

Currently, there are 63 import-export enterprises in the province. Total export turnover in the period is estimated at 361.65 million USD, up 7.34% year-on-year, equal to 21.34% of the yearly plan. Specifically, the garment and textile sector earned an estimated 114 million USD, up 11.77% year-on-year, accounting for 31.52% of the province's total export revenue; while electronic products brought home about 195.6 million USD, up 3.76% over the same period, or 54.09%. Agricultural products held a low proportion in the export structure, with nearly 1%.

In order to promote production, business, and import and export activities, in the coming time, the province will continue to concertedly and effectively implement action programmes, schemes and plans of the provincial Party Committee on industrial, handicrafts, service and tourism development in the 2021-2025 period. It will mobilise all resources to perfect the technical infrastructure system, especially investing in completing traffic infrastructure to industrial zones and clusters; step up and renew investment promotion activities and call for investment in priority areas; and hold regular dialogues to remove difficulties and obstacles for investors and businesses.

Attention will be paid to supporting businesses to take advantage of signed free trade agreements (FTAs) to effectively exploit markets and boost exports; strengthening linkages with domestic enterprises in the production and export process; expanding export markets for citrus fruits, processed products and key export items of the province, with focus on ASEAN countries, the US, the European Union, Australia, the Republic of Korea, Thailand, Singapore and Indonesia; and attracting domestic and foreign enterprises to invest in logistics, and improve trade competitiveness in order to boost economic development./.


Related Topics


Rich and Flavorful Honey of Dao Village

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.

Lac Thuy district prioritises resources for industrial, handicraft development

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.

Phu Thanh implements organic practices in tea production

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.

Hoa Binh works hard to accelerate progress of key projects

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 achieves record-breaking economic growth in Q1

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.

Hoa Binh focuses on building strong OCOP brands for sustainable growth

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.