(HBO) – In the past three years, intra-provincial trade in the mountainous province of Hoa Binh has maintained stable growth momentum with the growth rate of total circulation of retail goods and services in the period of 2021 – 2023 reaching about 17.96%.
Shoppers at Winmart supermarket at Vincom Plaza in Dong Tien ward of Hoa Binh city.
The province’s commercial infrastructure system has developed rapidly with a strong shift from traditional trading method or wet markets to modern trading system (supermarkets, trade centres, convenience stores).
More and more major domestic retail names have presented in the province such as Vingroup, Dien May Xanh supermarket, FPT Shop digital retail system, and Media Mart. The percentage of Vietnamese goods in retail distribution systems and at traditional markets and convenience stores accounts for 60% or more.
Currently, the province has seven supermarkets, including AP Plaza, Winmart Hoa Binh, HC Hoa Binh, Phu Phat Thanh, and Vincom Plaza, among others.
Meanwhile, traditional market system has been upgraded, and renovated, especially in rural areas. The province has 95 markets, 180 petrol and oil stations, and 650 liquefied petroleum gas shops.
Abundant supply of goods, stable prices, market stabilisation programmes have contributed to stabilising the market in the province.
Besides, the project to develop the domestic market in association with the campaign "Vietnamese people give priority to using Vietnamese goods" and the programme to bring Vietnamese goods to rural, remote and isolated areas have continued to be promoted and received warm response from local people.
E-commerce has become an inevitable development integration trend in recent years. Many shops in the area, especially in Hoa Binh city and district centres have carried out online sales, electronic payment methods to help speed up payment and promote trade activities.
In 2022, the province developed and put into use an e-commerce trading platform at www.hoabinhtrade.gov.vn. The site is expected to introduce outstanding agricultural, forestry and aquatic products on e-commerce platforms, helping to promote the e-commerce development of local agricultural products.
The province has encouraged organisations and individuals to expand agricultural product consumption market through e-commerce applications while promoting the development of e-commerce transactions and non-cash payments in e-commerce transactions.
With the goal of developing trade in a professional and modern direction, contributing positively to the province's economic growth. Hoa Binh has made great efforts in implementing many solutions in an attempt to improve commercial infrastructure and meet increasingly diversified demand of production and consumption./.
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.
