(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%).
The One Commune One Product (OCOP) programme has helped encourage active labour among farmers, increasing production and creating high-quality products. In response to the programme, farmers in Phu Cuong commune, Tan Lac district, are working on their local sweet potato branding and forming a concentrated production area for better income and economic development.
Measures have been taken in Hung Thi commune, Lac Thuy district to eliminate hunger, reduce poverty and increase the income of residents. Currently, the commune has an average income of 51.1 million VND ($2,120 USD) per capita per year and its poverty rate is just 18%.
A delegation from Sao Do (Red Star) Entrepreneurs’ Club led by its President Nguyen Canh Hong has visited Hoa Binh to explore investment opportunities in the province.
Over the years, businesses located in local industrial parks (IP) have operated stably, completing and exceeding their plan and enjoying growth in revenue, export revenue and State budget payment, while contributing to creating jobs for local labourers.
In the cause of sustainable poverty reduction, the State’s supporting policies are considered a powerful lever to help poor and near-poor households escape poverty in Hoa Binh province. Over the past years, the Party committee and authorities of Tan My commune (Lac Son district) have always paid attention to and focused on implementing sustainable poverty reduction. Their efforts have produced positive results.