Despite impacts from the complicated developments in the region and the world, Hoa Binh saw good signals in import-export activities in the first half of 2024.
Leaders of the Hoa Binh Department of Industry and Trade and delegates attend a ceremony to send Bat Bao Minh Trung lotus porridge products to the Czech Republic.
In the first half of this year, Hoa Binh’s export revenue hit 969.6 million USD, a surge of 26.48% year on year, while imports reached 685.51 million USD, up 17.93% over the same period last year.
Of the total, exports of electronics products reached 443.45 million USD, accounting for 45.74%, while that of the textile sector was 317.19 million USD, the metal group 23.930 million USD, the agricultural group 7.878 million USD, and the other goods group 177.147 million USD.
Currently, Hoa Binh has 66 enterprises engaging in import-export activities of five major goods groups - electronic components (17), textile and garment (21), metals (2), agriculture (9), and other goods group (17).
In addition to traditional products such as electronic components and textiles, Hoa Binh has successfully expanded the export of typical agricultural products to foreign markets such as sugarcane and Dien grapefruit, red-flesh pomelo to the US, the UK and the EU; Bat Bao Minh Trung lotus porridge to Japan and the Czech Republic; Son Thuy longan to the EU; bamboo shoot to Taiwan (China); and Cao Phong orange to the UK, thereby opening up many new opportunities for the province's agricultural products.
The results were attributed to the province and local firms’ efforts to improve designs, increase product quality, and take advantage of opportunities brought about by integration, especially new generation free trade agreements (FTAs), to promote exports.
In the first six months of this year, the provincial Party Committee, People’s Committee, and local enterprises actively engaged in many international trade promotion events in many countries, thus establishing partnership with foreign partners and expanding export markets.
At the same time, the locality has worked to simplify administrative procedures, reducing time and cost for exporters, while improving its business environment, and making investment in upgrading the transport and logistics infrastructure system.
In order to maintain and promote the growth pace in the rest of the year, the province’s industry and trade sector will concentrate on consulting local authorities on grasping the import-export activities of local firms, removing difficulties and obstacles facing them during exporting and business process, and supporting in expanding and diversifying markets and taking advantages of FTAs, especially the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Vietnam-EU FTA (EVFTA), and Vietnam-UK FTA (EKVFTA).
At the same time, the sector will introduce a handbook on origin regulations in the EVFTA applicable to exports of Hoa Binh province and update local firms with information and emerging issues relating to the FTAs that Vietnam is joining.
Once a mountainous province facing many challenges, Hoa Binh has, after more than a decade of implementing the national target programme on new-style rural area development, emerged as a bright spot in Vietnam’s northern midland and mountainous region. In the first quarter of 2025, the province recorded positive results, paving the way for Hoa Binh to enter a phase of accelerated growth with a proactive and confident mindset.
Hoa Binh province is steadily advancing its agricultural sector through the adoption of high-tech solutions, seen as a sustainable path for long-term development.
The steering committee for key projects of Hoa Binh province convened on May 14 to assess the progress of major ongoing developments
A delegation of Hoa Binh province has attended the "Meet Korea 2025" event, recently held by the Ministry of Foreign Affairs, the Embassy of the Republic of Korea (RoK) in Vietnam, the Korea Trade-Investment Promotion Agency, and the People's Committee of Hung Yen province.
Hoa Binh province joined Vietnam’s national "One Commune, One Product” (OCOP) programme in 2019, not simply as a mountainous region following central policy, but with a clear vision to revive the cultural and agricultural values in its villages and crops.
From just 16 certified products in its inaugural year to 158 by early 2025, the One Commune One Product (OCOP) programme in Hoa Binh province has followed a steady and strategic path. But beyond the numbers, it has reawakened local heritage, turning oranges, bamboo shoots, brocade, and herbal remedies into branded, market-ready goods - and, more profoundly, transformed how local communities value and present their own cultural identity.
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