(HBO) - The economic structure of Tan Lac district’s Phong Phu is shifting in a positive direction in line with the orientation set by the district People's Committee. In 2020, the trade and service sector accounted for 50.58 percent of the local economy and its production value hit 279.168 billion VND (12.14 million USD). The figures for agro-forestry-fishery were 39.88 percent and 197.658 billion VND, and industry-handicraft 9.54 percent and 22.44 billion VND.
The trade and service
sector has contributed to raising incomes for people in Phong Phu’s Muong Lo
hamlet.
Phong Phu has various advantages for trade and service
development. The Highway 6 runs through its center, making it convenient for
trade and goods transportation. The local Lo market is the trading center of
Trung Hoa, Nhan My, and Quyet Chien communes. Phong Phu also houses a
community-based tourism site in Luy Ai hamlet, which attracts domestic and
international visitors.
Official statistics show that the commune has some 600 – 700
household businesses, mostly selling consumer goods, agricultural supplies, and
construction materials. It also houses three enterprises, one cooperative, and
15 industry-handicraft production facilities. The local trade and services
sector has grown quickly in both scale and quality, helping form civilized and
modern buying and selling habits among rural residents. On a monthly basis, a
household business offering services reels in an average income of 20 – 25
million VND (870-1,087 USD).
Cao Ba Chinh, Chairman of the Phong Phu People’s Committee,
said to boost trade and service, the local authorities have mobilised resources
to invest in improving the commune’s infrastructure, including roads between
Phong Phu and neighbouring localities and the Lo market. Facilitating business
activities, ensuring security and order, encouraging the participation in
campaigns promoting the consumption of made-in-Vietnam products, and actively
expanding distribution markets for local goods are also necessary, he added.
Phong Phu is striving to become a town by 2024, Chinh affirmed,
stressing that turning trade and service into a spearheaded sector of the
commune is key to realising such goal.
The provincial Department of Agriculture and Rural Development on November 20 coordinated with Hai Dang Group Hoa Binh Seafood Company Limited to release 1.5 tonnes of fries into Hoa Binh Lake to regenerate aquatic resources, with a total value of 266 million VND (10,460 USD).
On the afternoon of November 16, Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the provincial Party Committee, held a reception for a delegation from the Indian Embassy led by Ambassador Sandeep Arya. The delegation included the chairperson of the Indian Chamber of Commerce in Vietnam, embassy personnel, and Indian businesses operating in Vietnam. Accompanying Long at the meeting were leaders of the provincial People's Committee and representatives from various departments and sectors.
Hoa Binh province hosted the "Meet India 2024" conference on November 16, marking a significant step in strengthening bilateral economic ties between Vietnam and India.
In recent times, with its core role in building and fostering great national unity, Cao Phong district's Vietnam Fatherland Front Committee has actively carried out its responsibilities and front work, and closely collaborated with member organisations to encourage locals to implement the Party’s guidelines, and the State’s policies and laws. At the same time, it has worked to promote the dynamism, creativity, and contributions of officials, Party members, and local people to help the district develop further.
From a type of bulb used as a seasoning for daily meals, thanks to the efforts of local authorities and farmers, shallots have become a commercial crop in Yen Thuy district, contributing to promoting the transformation of crop structure in agricultural production, bringing higher incomes to locals.
