(HBO) – The northern mountainous province of Hoa Binh's Customer Price Index (CPI) in August rose 0.62% compared to the previous month, and 1.19% year on year.
Supermarkets and shopping centres in Hoa Binh province always strive to provide a variety of products to meet consumer’s demands.
In the month, among 11 groups of goods and services, prices of four groups experienced increases, which are transportation (up 3.66%); food and beverage services (0.44%); housing, electricity, water, and construction materials (0.31%); garments, headwear and footwear (0.04%).
Only goods and services group saw a drop of 0.01% while prices of other remaining groups remained stable.
Also in August, the province’s total retail sales of goods reached nearly 960 billion VND (40 million USD), down 1.4% compared in July but up 6.06% year on year. Accumulated total retail sales of goods from the beginning of the year was estimated at 7.94 trillion VND (324 million USD, an increase of 28.22% over the same period last year.
Among them, some product groups saw high growth compared to the same period last year such as food and foodstuffs (36.46%); gasoline and petroleum (32.92%); and household utensils, tools, and equipment (28.14%).
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.
