(HBO) - According to the Hoa Binh Provincial People’s Committee, the province did not experience hike in prices of essential goods in February despite of the new coronavirus outbreak (COVID-19).
complex developments of the
outbreak has had substantial impact on local trade and services. Total retail
sales of goods and services in the province last month were estimated at 2.75
trillion VND, down 12.42 percent from January, equivelant to 15.63 percent of
the yearly plan.
The number of visitors to Vincom Shopping Mall in
Hoa Binh city has declined in comparison to the time before the
COVID-19 outbreak occurs.
Consumer Price Index (CPI) was down 0.12 percent month-on-month as people avoid shopping at crowded places. The
number of visitors to local supermarkets, shopping malls and shops plunged 20 –
30 percent with 5 – 10 percent decrease in purchasing power. Weakening tourism
and hospitality services are said to be hampering the province’s economic
HCM City steps up rooftop solar power development
Despite FDI shown signs of a slowdown as a result of the negative impact of COVID-19, experts believe that the nation will be able to welcome an array of fresh dual investment after the pandemic.
(HBO) – The complicated developments of COVID-19 have seriously affected all social aspects, especially economic development. Growth decline was recorded in many fields. In the first quarter of 2020, the gross regional domestic product (GRDP) was estimated at 6.62 percent. The figure is projected at 4.57-5.86 percent in the second quarter due to the impact of the pandemic on business and production activities.
(HBO) – Numerous efforts made in the first months of the year have contributed to the 6.6 percent increase in the aquatic product output of Hoa Binh province. The province is home to 43 aquaculture farms and cooperatives, of which 13 are specialised in farming. The aquaculture farming areas in the province span 2,686ha, with 4,630 fishing cages.
(HBO) – Hoa Binh farm produce trademark has become popular in recent years. It is the result of concerted efforts, including biotechnological application in agriculture.
(HBO) – The Bank for Agriculture and Rural Development in Yen Thuy district, Hoa Binh province, simplified lending procedures, reformed lending model and methods and coordinated with communes, towns, associations of farmers and women, and other socio-political organisations to roll out favourable lending methods during the first quarter of this year.