(HBO) - According to the Hoa Binh Provincial People’s Committee, the province did not experience hike in prices of essential goods in February despite of the new coronavirus outbreak (COVID-19).
However, the
complex developments of the
outbreak has had substantial impact on local trade and services. Total retail
sales of goods and services in the province last month were estimated at 2.75
trillion VND, down 12.42 percent from January, equivelant to 15.63 percent of
the yearly plan.
The number of visitors to Vincom Shopping Mall in
Hoa Binh city has declined in comparison to the time before the
COVID-19 outbreak occurs.
The February
Consumer Price Index (CPI) was down 0.12 percent month-on-month as people avoid shopping at crowded places. The
number of visitors to local supermarkets, shopping malls and shops plunged 20 –
30 percent with 5 – 10 percent decrease in purchasing power. Weakening tourism
and hospitality services are said to be hampering the province’s economic
growth./.
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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