(HBO) – In the recent past, the Hoa Binh provincial People’s Committee has ordered relevant departments and sectors to keep a close watch on the market situation and take measures to ensure supply - demand balance and stabilise prices of essential goods so as to meet people’s demand.
The Vincom Plaza shopping centre
in Hoa Binh city has ensured sufficient supply of goods to meet consumers’
demand.
In November, trading activities in Hoa Binh
province were kept stable. The retail sales of goods and service revenue in the
month was estimated at 3.885 trillion VND (169.4 million USD), up 0.52 percent
from October. The 11-month figure stood at 40.547 trillion VND, equivalent to
91.19 percent of this year’s target.
Meanwhile, the consumer price index (CPI) in
November rose by some 0.31 percent month on month as a result of higher prices
of education, electricity, water, fuel, and construction materials.
Relevant sectors in the province are working on
a plan to stabilise the market during the New Year and Lunar New Year holidays.
They are also pushing ahead with measures to ensure sufficient supply of
essential goods in the face of the COVID-19 pandemic./.
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.
