(HBO) - Hoa Binh has met its goals set for import-export turnover in the 2015 – 2020 period, with the figure increasing from 545.5 million USD in 2015 to about 1.9 billion USD in 2020. As such, the average annual trade growth was recorded at 28.5 percent on average, with the export value raising 29.61 percent on an average annual basis. During the period, the province always enjoyed a trade surplus.
products made by the branch of Truong Thinh Cable Co., Ltd in Hoa Son commune
in Luong Son district.
Despite being hit hard by the COVID-19
pandemic since the beginning of the year, the local import-export has gradually
Between January and September, Hoa Binh
shipped products overseas for over 645.23 billion USD, up 7.64 percent on year
and fulfilling 62.52 percent of its yearly target. The province’s trade revenue
is expected to hit 1.9 billion USD this year, with export and import values
reaching 987 million USD and 920.5 million USD, marking annual increases of
24.8 percent and 44.96 percent, respectively.
The Hoa Binh Department of Industry and
Trade said the province’s trade expanded significantly in the past five years
with an average annual growth rate of 25 percent. As of 2020, the local export
was ranked fifth and sixth in terms of revenue and per capita revenue in the
(HBO) - The Provincial Youth Communist Union and the Youth Association have organized the 3rd Startup Forum for Youth Innovative in 2020, contributing to equip young people with skills to build an effective start-up business.
(HBO) - A delegation from the Department of Agriculture and Rural Development of Hoa Binh province paid a visit to Cao Phong district to check production of winter-spring crops here on February 22.
(HBO) – The Resolution of the 17th provincial Party Congress for the 2020 – 2025 tenure set the task of developing industry into a driving force of the economy with high, sustainable and efficient growth, toward raising the proportion of industry-construction to 54 percent of the local economic structure by 2025 and the total area of industrial parks and zones accounting for around 1 percent of the local natural land area. It is a very important task to soon bring Hoa Binh's economy to the national average. However, difficulties in infrastructure building in several industrial parks and zones remain so the provincial Party Committee and People’s Committee are drastically fixing them.
(HBO) - Yen Thuy district has advantages in terms of location and transportation and it has taken various measures to attract investment and sustainably restructure its economy over the previous years.
(HBO) – The Cao Phong orange, renowned for its tastefulness, is facing the pressure of competition, price nosedive, and poor sales. However, farmers and managerial agencies believe that if relevant parties comply with cultivation planning and safe production processes and maintain the fruit brand, the local specialty can still develop strongly and generate economic benefits for farmers.