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 2024, key agricultural exports from Hoa Binh province are expected to continue, benefiting from growing demand. Several local products have been exported under international orders since the start of the year. The agricultural sector is working with local businesses and producers to ensure adequate supply for export, while also expanding the domestic market.
A working delegation from Hoa Binh province led by Vice Chairman of the provincial People's Committee Nguyen Van Chuong held a working session with the Thai Chamber of Commerce and Industry in Vietnam (ThaiCham) on the sidelines of the "Meet Thailand" event co-hosted by the Ministry of Foreign Affairs, the Thai Embassy, and the People's Committee of Lao Cai province on August 28 in the northern mountainous province of Lao Cai.
Despite impacts from the complicated developments in the region and the world, Hoa Binh saw good signals in import-export activities in the first half of 2024.
Promoting the application of digital technology in new-style rural area building is an important criterion, contributing to the development of agricultural and rural economy, improving people's lives, and gradually narrowing the gap in service quality between rural and urban areas.
Determining industrial development as a driving force for socio-economic development, Lac Thuy district has stepped up the dissemination work to raise awareness of officials, party members, and people of the policy of forming and developing industrial clusters, while developing resolutions and action programmes, and including them in the local socio-economic development planning on promoting the development of these clusters.
With funding from the National Target Programme for socio-economic development in ethnic minority and mountainous areas, localities in of Hoa Binh province have invested in essential infrastructure which helps improve local people's lives.
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