Export turnover in March of Hoa Binh province is estimated at 160.596 million USD, up 0.65% compared to the previous month; accumulated in the first quarter of 2024 reached 477,568 million USD, an increase of 36.39% over the same period, reaching 23.88% of the yearly plan.
Pacific Company Limited (Thong Nhat Ward, Hoa Binh City) is a foreign-invested enterprise that contributes significantly to the province's export value.
Import turnover in March is estimated at 114.714 million USD, up 1.83% over the previous month; accumulated in the first 3 months of the year reached 340,017 million USD, an increase of 20.02% over the same period, fulfilling 24.71% of the year plan.
In March 2024, the consumer price index of Hoa Binh province is estimated to increase by 0.3% compared to the previous month. The average consumer price index in the first quarter compared to the same period increased 2.28%. There were 9 product groups with price index increases, 1 product group decreased (apparel, hats, shoes decreased 0.09%). Other product groups are stable.
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.
