According to the Department of Industry and Trade, Hoa Binh province, the total retail sales and service revenue for October 2024 is estimated at 6.358 trillion VND, an increase of 0.27% from the previous month and 17.31% year-over-year. The increase in total retail sales is attributed to the high demand for cultural, educational, and household goods, along with continued positive trends in accommodation, food and beverage services, and travel and tourism.
In 10 months of this year, the total retail sales of goods and consumer service revenue at current prices is estimated at 61.412 trillion VND, achieving 82.60% of the annual plan. The consumer price index decreased by 0.13% from the previous month, with an average increase of 1.85% over the 10 months. The main reason for the decrease is the weather, which saw frequent rain and cooler temperatures, especially at night, leading to a reduced demand for electricity and water.
In the year's final months, the Department of Industry and Trade will continue to implement measures to closely monitor market conditions, ensure an adequate supply of essential goods for the population, especially during holidays and Tet, and prevent shortages and price spikes.
Once a mountainous province facing many challenges, Hoa Binh has, after more than a decade of implementing the national target programme on new-style rural area development, emerged as a bright spot in Vietnam’s northern midland and mountainous region. In the first quarter of 2025, the province recorded positive results, paving the way for Hoa Binh to enter a phase of accelerated growth with a proactive and confident mindset.
Hoa Binh province is steadily advancing its agricultural sector through the adoption of high-tech solutions, seen as a sustainable path for long-term development.
The steering committee for key projects of Hoa Binh province convened on May 14 to assess the progress of major ongoing developments
A delegation of Hoa Binh province has attended the "Meet Korea 2025" event, recently held by the Ministry of Foreign Affairs, the Embassy of the Republic of Korea (RoK) in Vietnam, the Korea Trade-Investment Promotion Agency, and the People's Committee of Hung Yen province.
Hoa Binh province joined Vietnam’s national "One Commune, One Product” (OCOP) programme in 2019, not simply as a mountainous region following central policy, but with a clear vision to revive the cultural and agricultural values in its villages and crops.
From just 16 certified products in its inaugural year to 158 by early 2025, the One Commune One Product (OCOP) programme in Hoa Binh province has followed a steady and strategic path. But beyond the numbers, it has reawakened local heritage, turning oranges, bamboo shoots, brocade, and herbal remedies into branded, market-ready goods - and, more profoundly, transformed how local communities value and present their own cultural identity.
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