(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.

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