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.
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.
