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.
Vice Secretary of the provincial Party Committee and Chairman of the provincial People's Committee Bui Van Khanh chaired the regular October meeting of the provincial People's Committee to review 2024 socio-economic performance.
Taking advantage of favourable weather conditions, constructor is speeding up the construction of technical infrastructure at Tien Tien industrial cluster in Quang Tien commune of Hoa Binh city. So far, the construction of important infrastructure works in the industrial cluster such as the operation office, wastewater treatment plant, power supply system, clean water supply system, fire prevention and fighting system, rainwater drainage system, and internal traffic roads has been completed.
Numerous credit solutions have been implemented by local banks in Hoa Binh province to support individuals and businesses affected by Typhoon Yagi. These measures include debt rescheduling, providing in-depth financial advice, and offering interest rate reductions based on the extent of damages.
Starting from nothing and persevering through a challenging entrepreneurial journey, Bui Van Nhung, a teacher and Party member in Lac Son district’s Nhan Nghia commune - has built Nhung Van Co. Ltd. into a respected provider of high-quality products. Driven by his passion and determination to overcome poverty, this young Party member has blazed a new trail, inspiring the aspirations of farmers across Mường Vang.
In November 8, at Kim Boi District Stadium, the Department of Industry and Trade and the People's Committee of Kim Boi District, Hoa Binh province jointly organized the opening of the Fair to display and introduce typical products of ethnic minority and mountainous areas.
Orange growers in Cao Phong district of Hoa Binh province have enjoyed a good harvest and good prices of the fruit this year.
