(HBO) – In the past three years, intra-provincial trade in the mountainous province of Hoa Binh has maintained stable growth momentum with the growth rate of total circulation of retail goods and services in the period of 2021 – 2023 reaching about 17.96%.
Shoppers at Winmart supermarket at Vincom Plaza in Dong Tien ward of Hoa Binh city.
The province’s commercial infrastructure system has developed rapidly with a strong shift from traditional trading method or wet markets to modern trading system (supermarkets, trade centres, convenience stores).
More and more major domestic retail names have presented in the province such as Vingroup, Dien May Xanh supermarket, FPT Shop digital retail system, and Media Mart. The percentage of Vietnamese goods in retail distribution systems and at traditional markets and convenience stores accounts for 60% or more.
Currently, the province has seven supermarkets, including AP Plaza, Winmart Hoa Binh, HC Hoa Binh, Phu Phat Thanh, and Vincom Plaza, among others.
Meanwhile, traditional market system has been upgraded, and renovated, especially in rural areas. The province has 95 markets, 180 petrol and oil stations, and 650 liquefied petroleum gas shops.
Abundant supply of goods, stable prices, market stabilisation programmes have contributed to stabilising the market in the province.
Besides, the project to develop the domestic market in association with the campaign "Vietnamese people give priority to using Vietnamese goods" and the programme to bring Vietnamese goods to rural, remote and isolated areas have continued to be promoted and received warm response from local people.
E-commerce has become an inevitable development integration trend in recent years. Many shops in the area, especially in Hoa Binh city and district centres have carried out online sales, electronic payment methods to help speed up payment and promote trade activities.
In 2022, the province developed and put into use an e-commerce trading platform at www.hoabinhtrade.gov.vn. The site is expected to introduce outstanding agricultural, forestry and aquatic products on e-commerce platforms, helping to promote the e-commerce development of local agricultural products.
The province has encouraged organisations and individuals to expand agricultural product consumption market through e-commerce applications while promoting the development of e-commerce transactions and non-cash payments in e-commerce transactions.
With the goal of developing trade in a professional and modern direction, contributing positively to the province's economic growth. Hoa Binh has made great efforts in implementing many solutions in an attempt to improve commercial infrastructure and meet increasingly diversified demand of production and consumption./.
Appreciating the abundant potential and strengths of his hometown for tourism development, Ha Cong Hung, Deputy Secretary of the youth union of Mai Chau district’s Mai Hich commune, embarked on producing smoked meat with a desire to introduce his homeland's specialty to domestic and international tourists.
Hoa Binh farmers are investing big in their chilli pepper cultivation areas after the first batch of 7.5 tonnes of pickled chilli peppers was shipped to the Republic of Korea (RoK) by Tien Ngan Trade and Investment Co., Ltd last month.
Recognising the role and importance of developing the collective economy, the northern province of Hoa Binh has promptly issued support policies to propel the development of the economy, making important contributions to local socio-economic development.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
