(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.
In Lac Thuy district, communes have been succeeded in promoting their One Commune-One Product (OCOP) products while others are still struggling to position their typical farming products in market. Some communes in the district still fail to have their products met OCOP programme’s requirements, while others have seen their certifications expired.
The inspectorate agency of Hoa Binh province has issued Official Dispatch No. 1090/TTr-PCTN to provincial departments, agencies, localities, business associations, enterprises, and investors regarding measures to improve informal component indexes of the Provincial Competitiveness Index (PCI).
Hoa Binh is taking concrete steps to improve its investment environment, with a strong focus on supporting businesses, settling obstacles for strategic investors, and creating opportunities for robust development in the coming years.
Under the blazing early summer sun, the construction site of Nhuan Trach Industrial Park (IP) in Luong Son district is abuzz with activities from dawn to dusk, a testament to the determination of the investor to meet their construction targets on schedule.