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.
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
Amid efforts to streamline the administrative apparatus, Hoa Binh province has intensified measures to address challenges in land clearance, resettlement support, and infrastructure investment, aiming to speed up the progress of key projects.
Hoa Binh province has posted an unprecedented economic growth rate of 12.76% in the first quarter of 2025, marking its highest quarterly performance to date and positioning it as the second fastest-growing locality in the country, trailing only Bac Giang province.
Under current regulations, products in the One Commune – One Product (OCOP) programme that are rated three stars or higher must undergo re-evaluation every three months. However, in reality, some of these products fail to consistently meet the required standards, raising concerns about the sustainability of their OCOP certification. This underscores the urgent need for producers to enhance product quality and gradually develop their OCOP products into strong, marketable brands.
