Amid a surge in demand in the year-end period, the Hoa Binh Department of Industry and Trade and relevant agencies as well as distributors and retailers are working hard to encourage consumption in parallel with stabilising the market.
Members of Market Management Team No.1 inspects quality of goods to prevent fake, counterfeit and poor-quality commodities in Luong Son town, Luong Son district.
In the year-end period, local supermarkets and trade centres as well as retailers in Hoa Binh has launched many promotion programmes. Hoang Son supermarket, which owns a large market share in Hoa Binh, reported that it has enjoyed a rise in revenue and expects a rapid growth in late January and early February. Along with traditional shopping, online shopping has become increasingly popular among residents of Hoa Binh.
According to the provincial Department of Industry and Trade, trade and services activities in late 2023 and the whole year of 2023 showed good growth, while the supply was ensured with stable prices. Total retail sales of goods and service in 2023 reached over 63 trillion VND (2.57 billion USD), reaching 101.6% of the yearly plan, up 17.8% over the same period.
The department predicted that the purchasing power at the end of the lunar year and the Lunar New Year Festival 2024 will increase about 5 - 10% compared to the same period last year and 20 - 25% compared to normal days. In order to ensure the supply in the period, distributors and retailers have prepared commodities with high demand, preventing supply disruption and price hikes.
Recently, the provincial People’s Committee has issued a plan to ensure the balance of supply and demand sources during Tet festival. Pham Thi Nhuan, leader of Dinh Nhuan company, one of the businesses joining the market stabilisation scheme during the festival, said that the firm has worked with manufacturers to prepare commodities to provide to the market during Tet, with total goods value of about 10 billion VND.
Director of the provincial Department of Industry and Trade Phan Tien Dung said that the office has coordinated with relevant agencies to keep a close eye on market developments, ensuring the supply of commodities. Alongside, it has strengthened the campaign of encouraging Vietnamese people to use Vietnamese products and bringing Vietnamese to rural areas.
Comprehensive measures have also been rolled out by all relevant agencies such as the provincial Departments of Agriculture and Rural Department, Health, Finance, and Market Management to ensure sufficient commodities supply and strengthen the management over the market and food safety, said Dung. He also advised online shoppers to carefully choose providers and check products before processing payment to avoid receiving low-quality products.
The provincial Department of Agriculture and Rural Development on November 20 coordinated with Hai Dang Group Hoa Binh Seafood Company Limited to release 1.5 tonnes of fries into Hoa Binh Lake to regenerate aquatic resources, with a total value of 266 million VND (10,460 USD).
On the afternoon of November 16, Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the provincial Party Committee, held a reception for a delegation from the Indian Embassy led by Ambassador Sandeep Arya. The delegation included the chairperson of the Indian Chamber of Commerce in Vietnam, embassy personnel, and Indian businesses operating in Vietnam. Accompanying Long at the meeting were leaders of the provincial People's Committee and representatives from various departments and sectors.
Hoa Binh province hosted the "Meet India 2024" conference on November 16, marking a significant step in strengthening bilateral economic ties between Vietnam and India.
In recent times, with its core role in building and fostering great national unity, Cao Phong district's Vietnam Fatherland Front Committee has actively carried out its responsibilities and front work, and closely collaborated with member organisations to encourage locals to implement the Party’s guidelines, and the State’s policies and laws. At the same time, it has worked to promote the dynamism, creativity, and contributions of officials, Party members, and local people to help the district develop further.
From a type of bulb used as a seasoning for daily meals, thanks to the efforts of local authorities and farmers, shallots have become a commercial crop in Yen Thuy district, contributing to promoting the transformation of crop structure in agricultural production, bringing higher incomes to locals.
