(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.
Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.
Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.
Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.
As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.
alternate member of the Central Party Committee, Secretary of the Hoa Binh provincial Party Committee Nguyen Phi Long on March 5 had a working session with Yan Jiehe, Founder and Chairman of the China Pacific Construction Group, one of China's largest private corporations in the field of transport infrastructure. Deputy Secretary of the provincial Party Committee, Chairman of the provincial People's Committee Bui Duc Hinh and leaders of provincial departments and sectors also attended the working session.
The electronic printed circuit board (PCB) manufacturing and processing plant of Japan’s Meiko Group, located at Da River Left Bank Industrial Park in Hoa Binh city with a total investment of over 200 million USD, is expected to create thousands of jobs and make a significant contribution to the local budget.
