After the Lunar New Year (Tet) festival, all supermarkets and traditional markets as well as the majority of shops in Hoa Binh have resumed operations, while goods supply has been abundant with stable prices, meeting the demand of local residents.
After Tet, the commodity market has continued to be stable, with abundant supply and stable prices. Strong purchasing power has been seen in some products such as yogurt, frozen seafood, green vegetables. Photo taken at Vi Hoa Binh Supermarket.
In some traditional markets, traders start selling products from the second day of the first lunar month, while local supermarkets re-opened from the fourth or sixth day.
Nguyen Thuy Nhung, a shopper from Thinh Lang ward in Hoa Binh city, said that her family has lo longer store a lot of food in the refrigerator during Tet, as traditional markets reopened right from the second day of the New Year, providing fresh foodstuff. She also showed pleasure at the stable prices of commodity during the freshly-ended Tet festival.
Among the province’s efforts to control the market, the market stabilisation programme was an important solution to keep commodity prices stable during Tet. This year, the programme in Hoa Binh drew five businesses with a combined investment of 48 billion VND (1.94 million USD). The firms, which provide necessary commodities such as rice, cooking oil, confectionary, and petrol, committed to maintain stable prices, product supply and shops from January 3 to February 29.
The shopping habits of locals have also changed without the storing of goods during Tet, contributing to reducing goods shortage.
Statistics from the provincial Department of Industry and Trade show that the locality’s total retail sales of goods and service revenue in February 2024 are estimated to reach 7.38 trillion VND, an increase of 0.35% compared to the previous month. Effective measures have been rolled out to prevent and combat smuggling, trade fraud, and counterfeit commodities before, during and after Tet, it said.
Do Manh Dung, head of the General Operations Desk under the Market Surveillance Department of Hoa Binh, said that during Tet, the Steering Committee for Anti-smuggling, Counterfeit Goods and Trade Fraud of the province detected and handled 110 cases and collected fines and tax arrears of more than 327.9 million VND, with legal proceedings launched on four cases of firecracker smuggling and illegal transportation.
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.
