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.
According to data from the Hoa Binh Provincial Party Committee, the industrial production index for the first six months of 2025 is estimated to have increased by 20% compared to the same period last year. This marks the highest year-on-year growth rate for this period since 2020.
In the first six months of 2025, Hoa Binh province’s export turnover was estimated at 1.145 billion USD, marking an 18.11% increase compared to the same period in 2024. Import turnover was estimated at $ 804 million, a 17.15% increase, which helped the province maintain a positive trade balance.
The lives of the ethnic minority farmers in Tan Lac district have gradually improved thanks to the new directions in agricultural production. This is a testament to the collective strength fostered through the professional associations and groups implemented by various levels of the district’s Farmers’ Union.
With the motto the "product quality comes first,” after nearly one year of establishment and operation, Muong village’s Clean Food Agricultural and Commercial Cooperative, located in Cau Hamlet, Hung Son Commune (Kim Boi district), has launched reputable, high-quality agricultural products to the market that are well-received by consumers. The products such as Muong village’s pork sausage, salt-cured chicken, and salt-cured pork hocks have gradually carved out a place in the market and they are on the path to obtaining the OCOP certification.
In the past, the phrase "bumper harvest, rock-bottom prices" was a familiar refrain for Vietnamese farmers engaged in fragmented, small-scale agriculture. But today, a new spirit is emerging across rural areas of Hoa Binh province - one of collaboration, organisation, and collective economic models that provide a stable foundation for production.
Maintaining growing area codes and packing facility codes in accordance with regulations is a mandatory requirement for agricultural products to be eligible for export. Recently, the Department of Agriculture and Environment of Hoa Binh province has intensified technical supervision of designated farming areas and packing facilities to safeguard the "green passport" that enables its products to access international markets.
