(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./.
According to data from the Hoa Binh Provincial Party Committee, the industrial production index for the first six months of 2025 is estimated to have increased by 20% compared to the same period last year. This marks the highest year-on-year growth rate for this period since 2020.
In the first six months of 2025, Hoa Binh province’s export turnover was estimated at 1.145 billion USD, marking an 18.11% increase compared to the same period in 2024. Import turnover was estimated at $ 804 million, a 17.15% increase, which helped the province maintain a positive trade balance.
The lives of the ethnic minority farmers in Tan Lac district have gradually improved thanks to the new directions in agricultural production. This is a testament to the collective strength fostered through the professional associations and groups implemented by various levels of the district’s Farmers’ Union.
With the motto the "product quality comes first,” after nearly one year of establishment and operation, Muong village’s Clean Food Agricultural and Commercial Cooperative, located in Cau Hamlet, Hung Son Commune (Kim Boi district), has launched reputable, high-quality agricultural products to the market that are well-received by consumers. The products such as Muong village’s pork sausage, salt-cured chicken, and salt-cured pork hocks have gradually carved out a place in the market and they are on the path to obtaining the OCOP certification.
In the past, the phrase "bumper harvest, rock-bottom prices" was a familiar refrain for Vietnamese farmers engaged in fragmented, small-scale agriculture. But today, a new spirit is emerging across rural areas of Hoa Binh province - one of collaboration, organisation, and collective economic models that provide a stable foundation for production.
Maintaining growing area codes and packing facility codes in accordance with regulations is a mandatory requirement for agricultural products to be eligible for export. Recently, the Department of Agriculture and Environment of Hoa Binh province has intensified technical supervision of designated farming areas and packing facilities to safeguard the "green passport" that enables its products to access international markets.
