(HBO) – As the COVID-19 pandemic has been put under control, business, trade and service activities in Hoa Binh have recovered and developed strongly, with effective operation of markets, shopping centres and supermarkets.
Leaders of provincial
Department of Industry and Trade and local authorities inspect the trading of
necessities as well as the prices and quality of products (Photo taken at
Vinmart supermarket in Vincom Plaza in Hoa Binh city)
In the first six months of this year, total retail and service revenue of Hoa
Binh reached 27.23 trillion VND (1.16 billion USD), up 25.75 year on year,
fulfilling 51.9% of the yearly target.
As of the end of July, the province welcomed 1.68 million tourists, reaching
65.1% of its yearly goal, including 60,000 foreigners, earning about 1.9
trillion VND.
Pham Tien Dung, Director of the provincial Department of Industry and Trade,
said that along with strict control of the market through inspection and
monitoring activities, the province has promoted trade and service activities
through many events, including the 31st Southeast Asian Games and a number of
trade fairs.
This year, the province will allow local enterprises to organise 3-5 trade
fairs, and an ornamental creature exhibition with the participation of 40
cities and provinces nationwide.
The province has also rolled out measures to prevent smuggling and trade fraud,
he added.
Dung said that in the rest of this year, Hoa Binh aims for 25.23 trillion VND
in total retail sales of goods and services. To this end, Hoa Binh will
continue to control commodities’ prices, while building plans to supply goods
during the Lunar New Year, and focusing on promoting e-commerce./.
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.
