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 structure of Hoa Binh's exported goods continued to shift in a positive direction, with processed industrial products accounting for the majority. Notably, the electronics and components sector remained a key contributor, representing a significant share of total turnover. The garment, socks, and leather footwear industries, particularly those from Foreign Direct Investment (FDI) enterprises are experiencing a strong recovery due to rising international demand. Processed agricultural products such as tea, planted forest wood, and sugarcane products are also increasingly expanding their market share in the EU, South Korea, and Japanese markets.

During the six months, Hoa Binh recorded a trade surplus of nearly 341 million USD, an impressive highlight in the province’s economic landscape. This not only contributes to improving the balance of payments but also demonstrates the enhanced competitiveness of local enterprises.

 


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