(HBO) – Since the year’s beginning, the Hoa Binh provincial People’s Committee has ordered departments, relevant sectors, and localities to push ahead with measures to promote trading and services, improve goods quality, and combat smuggling, trade fraud, and counterfeits. The market stabilisation programme and the "Vietnamese people prioritise Vietnamese goods” campaign have also been carried out widely, winning over strong support from the public.
The Vincom centre in Hoa Binh city’s Dong Tien ward
has ensured sufficient and quality goods supply for local consumers.
In the first quarter of 2021, the province
recorded moderate growth in the flow of goods and services. A wide range of
goods have been sold at reasonable prices, especially food distributed via
supermarkets and trade centres, thus meeting local production and consumption
demand.
Total retail sales of goods and consumer service
revenue were estimated at 10.965 trillion VND (nearly 475.4 million USD), up
almost 18 percent year on year and equivalent to 24.66 percent of this year’s
target.
Meanwhile, the Q1 consumer price index (CPI)
increased by less than 1 percent from the same period last 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.
