(HBO) - Since the beginning of this year, trade and service activities in Hoa Binh province have been affected by the Covid-19 pandemic.
Supermarkets
and trade centres in Hoa Binh city have always ensured supply of goods to meet
consumer needs.
However, the provincial
People's Committee has closely instructed relevant agencies to intensify solutions
to boost trade and services as well as improve goods quality. At the same time,
the province’s leaders have implemented numerous synchronous measures to
prevent smuggling, trade frauds and fake goods. Therefore, the circulation of
goods and services in the province has seen a relatively high growth rate, the
supply of goods in the market is plentiful with reasonable prices, thus meeting
production and consumption needs of people.
In the first three months of this
year, total retail sales of goods and consumer service revenue in the province
were estimated at 8,785 billion VND, up 10.99 percent from the same period last
year and representing 23.31 percent of the year plan. The average consumer
price index in the first quarter was estimated to increase by 1 percent year on
year./.
Hoa Binh province’s economy posted an impressive Gross Regional Domestic Product (GRDP) growth rate of 12.67% in the first quarter of 2025, representing a 12.76% year-on-year increase, the highest rate recorded since the beginning of the current tenure, according to the provincial Statistics Office. This robust growth reflects years of strategic groundwork and sets a strong foundation for the province’s annual growth target of over 10%.
With a focus on cash crop farming with science - technology application and brand building, Lac Thuy district is gradually increasing production value, improving people's life quality, and laying the foundation for sustainable socio-economic development.
In recent years, the economic development model "Hoa Binh Earthworm Farm” run by Mr. Bui Van Dang in Co Giua Hamlet, My Thanh Commune (Lac Son district) has not only brought stable economic value but it is also environmentally friendly, helping to protect and reduce pollution, contributing to the construction of a green and sustainable agriculture.
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
