As of December 31, 2023, capital mobilisation of credit institutions in Son La province had reached 32.4 trillion VND (1.33 billion USD), up 7.88% year-on-year; and their total outstanding balance hit 45.5 trillion VND (1.87 billion), up 2%.

Perennial crop production in Son La remained stable in 2023, with the areas of some trees expanded. Localities paid attention to intensive farming and increasing productivity. Such major trees as mango, plum and longan saw high outputs thanks to the expansion of their areas. 

The total retail sales of goods in Son La province in 2023 hit about 31.33 trillion VND (1.28 billion USD), an increase of 15.34% year-on-year.

Son La saw changes in many aspects of digital transformation in 2023. Notably, its digital economy has been taking shape and developing.

In the last days of the lunar year, industrial clusters in Son La province are bustling with trucks transporting goods and workers rushing to production shifts. Overcoming a difficult year, factories in the province's industrial zones and clusters have dynamic business strategies that suit market developments.

Ly has been known as a special orange variety in Moc Chau Plateau since 2011 when a household successfully grafted the Australian Navel orange variety onto the trunks of local grapefruit and orange trees.

Developing organic, high-tech agriculture, Dong Sang commune, Moc Chau district is now home to 156 establishments growing 107 hectares of vegetables, flowers and strawberries in net houses and greenhouses.

Tapping the advantages and potential of the Hoa Binh hydropower reservoir area, Moc Chau district has encouraged farmers to develop aquaculture. Now the whole district has 124 hectares of aquaculture and 325 fish cages.

Keeping pace with the development trend of science and technology, many businesses in Son La province have paid attention to renovating, upgrading and investing in modern, automated machinery systems and production lines, towards the goal of greening production.

Son La province currently has nearly 5,850 hectares of tea, with the main varieties of Kim Tuyen, Shan, Van Son, and Olong. Since the beginning of this year, the output of fresh tea buds has reached 51,430 tonnes, up 0.62% year-on-year.

The provincial Department of Science and Technology coordinated with the Vietnam Academy of Agricultural Sciences to organize a scientific conference on the current situation and solutions for developing strawberry in Son La province associated with building the “Son La Strawberry” brand in Moc Chau district on December 22.

The labour utilisation index of industrial enterprises in Son La province in November rose 0.38% from the previous month, but decreased 3.84% over the same period last year, the provincial Statistics Office said.

On December 20-21, the "Shennong Star - For a bumper harvest" programme of the Vietnam Television (VTV) recorded good production and business models in Son La province.

In the first 11 months of this year, the output of many major industrial products in Son La province increased from the same period last year, reported the provincial Statistics Office.

Enterprises in Son La province have seen improvements in their production and business in the past year. Most of them have maintained production, contributed to economic growth, ensured workers' income, preserved business capital, fully paid to the State budget, and fulfill their social responsibility.

In 2023, the People's Committee of Son La city has directed units, communes and wards to review and identify places often to be flooded during the rainy and stormy season, and propose response plans.

The provincial Farmers' Union on December 17 organized a training session on implementing the model "intensive organic coffee farming to increase value, contributing to stability and sustainable development" for 20 farmer members in Hun hamlet, Chieng Co commune, Son La city.

Since the beginning of 2023, Phieng Luong commune in Moc Chau district has encouraged local people, businesses, and cooperatives to choose plants with strengths to grow, and improve product quality and value towards sustainable development.

The total output of aquatic products in Son La province in the first 11 months of 2023 was estimated at 8,685 tonnes, up 243 tonnes or 2.88% year-on-year.

Son La province currently has 3,453 enterprises, with a total registered capital of more than 53.76 trillion VND (2.21 billion USD). They mainly operate in the fields of construction, industry, agriculture, forestry, fisheries and tourism, creating jobs for thousands of local labourers.