According to the Department of Statistics of Hoa Binh province, the province's estimated total retail sales in December 2023 is 1,120 billion VND, an increase of 2.35% compared to the same period in 2022. Accumulated for the whole year 2023 is estimated to reach 12,286 billion VND, an increase of 18.35% compared to the same period in 2022.
In general, the market situation in Hoa Binh province is stable, the supply of goods is always guaranteed. Purchasing power in the market has recovered well compared to 2022 and the period affected by the Covid-19 epidemic.
During the Lunar New Year of Giap Thin, the preparation of goods for Tet was actively implemented early by localities and businesses in the province with the Market Stabilization Program. Goods are diverse and abundant, meeting people's needs well. Prices of goods, especially essential items are quite stable.
In Lac Thuy district, communes have been succeeded in promoting their One Commune-One Product (OCOP) products while others are still struggling to position their typical farming products in market. Some communes in the district still fail to have their products met OCOP programme’s requirements, while others have seen their certifications expired.
The inspectorate agency of Hoa Binh province has issued Official Dispatch No. 1090/TTr-PCTN to provincial departments, agencies, localities, business associations, enterprises, and investors regarding measures to improve informal component indexes of the Provincial Competitiveness Index (PCI).
Hoa Binh is taking concrete steps to improve its investment environment, with a strong focus on supporting businesses, settling obstacles for strategic investors, and creating opportunities for robust development in the coming years.
Under the blazing early summer sun, the construction site of Nhuan Trach Industrial Park (IP) in Luong Son district is abuzz with activities from dawn to dusk, a testament to the determination of the investor to meet their construction targets on schedule.
