(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.
Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.
Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.
The Hoa Binh provincial People's Committee has issued Decision No. 2767/QD-UBND announcing the rankings of departments, agencies, districts and Hoa Binh city in the Public Administration Reform Index (PAR) and the Satisfaction Index of Public Administration Services (SIPAS) in 2024.
The cultivation of Dam Xanh fish (Bangana lemassoni), a unique fish species, has seen remarkable growth in Mai Chau district, thanks to its high economic value and effectiveness. Initially concentrated in Van Mai commune, farming has now extended to four other communes, namely Mai Hich, Mai Ha, Chieng Chau, and Son Thuy. These areas benefit from pristine underground water flowing from mountain crevices, providing ideal conditions for raising this specialty fish.
In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.
In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.
