(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./.
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.
