(HBO) – Hoa Binh’s export turnover has seen significant growth this year thanks to the province’s efforts to explore new foreign markets and maintain a strong foothold in traditional ones.

In 2018, Hoa Binh earned 616.15 million USD from exports, up 20.81 percent from the previous year and 1.01 percent higher than the yearly target.

 Exports of goods totaled 557.1 million USD, a year on year increase of 21.75 percent and 1.07 percent higher than the yearly goal while exports of services were valued at 39.05 million USD, up 8.47 percent and 0.13 percent higher than the annual target.

 This year, local firms have been actively looking for new markets, exploring investment opportunities and accelerating trade promotion activities. A number of enterprises have experienced high growth with stable business performances, such as Esquel Garment Manufacturing Vietnam – Hoa Binh and Seyoung Inc.


 Workers at Vietnam-Korea textile and garment company are striving to fulfill its export orders.

Related Topics


Kim Boi district maintains stable, sustainable economic development in forestry

Anyone found to be encroaching upon the forest, even if it is just one bamboo shoot, will face penalties. This commitment has been unanimously added into the covenant of Bua Cau hamlet, Hung Son commune in Kim Boi district, to protect the forest.

Hoa Binh Power Corporation gears up for hot season

The Hoa Binh Power Corporation (PC Hoa Binh) has applied synchronous measures to gear up for the coming summer season when power consumption demand surge may cause a risk of power supply disruption.

Starting business from hometown specialty

Appreciating the abundant potential and strengths of his hometown for tourism development, Ha Cong Hung, Deputy Secretary of the youth union of Mai Chau district’s Mai Hich commune, embarked on producing smoked meat with a desire to introduce his homeland's specialty to domestic and international tourists.

Huge potential to boost chilli export to RoK

Hoa Binh farmers are investing big in their chilli pepper cultivation areas after the first batch of 7.5 tonnes of pickled chilli peppers was shipped to the Republic of Korea (RoK) by Tien Ngan Trade and Investment Co., Ltd last month.

Hoa Binh improves effectiveness of collective economy

Recognising the role and importance of developing the collective economy, the northern province of Hoa Binh has promptly issued support policies to propel the development of the economy, making important contributions to local socio-economic development.

PM attends groundbreaking ceremony for electronic PCB factory in Hoa Binh

Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.