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.
Recently, the Standing Committee of Cao Phong District’s Youth Communist Union has actively directed the effective implementation of the models of collective economic development among youth, promoting the start-up movement among the youth, and helping each other develop the economy to get rich in their homeland.
Da Bac district leverages its abundant grazing lands and diverse food resources to develop goat farming as a key economic model. This initiative not only enhances incomes but also contributes to poverty alleviation and local socio-economic development.
The year-end is considered a "golden time" to stimulate trade and tourism. Various activities have been organised to seize positive market signals, enhance product branding, and drive socio-economic growth.
Hoa Binh Province currently has over 870
hectares of tea plantations, with six districts having concentrated tea
production areas that boast advantages in soil, climate, history, and
distinctive tea varieties: Yen Thuy, Lac Thuy, Da Bac, Mai Chau, Tan Lac, and
Luong Son.
Recently, Hoa Binh province has continued to review the planning of industrial parks up to 2030 and implemented procedures to prepare subdivision plans for industrial parks as per regulations.
Da Bac district leverages its abundant grazing lands and diverse food resources to develop goat farming as a key economic model. This initiative not only enhances incomes but also contributes to poverty alleviation and local socio-economic development.
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