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.
Vice Secretary of the provincial Party Committee and Chairman of the provincial People's Committee Bui Van Khanh chaired the regular October meeting of the provincial People's Committee to review 2024 socio-economic performance.
Taking advantage of favourable weather conditions, constructor is speeding up the construction of technical infrastructure at Tien Tien industrial cluster in Quang Tien commune of Hoa Binh city. So far, the construction of important infrastructure works in the industrial cluster such as the operation office, wastewater treatment plant, power supply system, clean water supply system, fire prevention and fighting system, rainwater drainage system, and internal traffic roads has been completed.
Numerous credit solutions have been implemented by local banks in Hoa Binh province to support individuals and businesses affected by Typhoon Yagi. These measures include debt rescheduling, providing in-depth financial advice, and offering interest rate reductions based on the extent of damages.
Starting from nothing and persevering through a challenging entrepreneurial journey, Bui Van Nhung, a teacher and Party member in Lac Son district’s Nhan Nghia commune - has built Nhung Van Co. Ltd. into a respected provider of high-quality products. Driven by his passion and determination to overcome poverty, this young Party member has blazed a new trail, inspiring the aspirations of farmers across Mường Vang.
In November 8, at Kim Boi District Stadium, the Department of Industry and Trade and the People's Committee of Kim Boi District, Hoa Binh province jointly organized the opening of the Fair to display and introduce typical products of ethnic minority and mountainous areas.
Orange growers in Cao Phong district of Hoa Binh province have enjoyed a good harvest and good prices of the fruit this year.
