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.
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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