(HBO) – The commercial infrastructure of Tan Lac district has been built in the direction of combining traditional markets and professional trading points, mini supermarkets and convenience stores with diverse operating models and payment methods. This has contributed to economic restructuring, changing consumption habits, and raising incomes for local people.
Staff at Phuong Linh mart, Man Duc town
in Tan Lac district, introduce products to shoppers.
Nguyen Duc Nam, Deputy Director of the
district’s economic and infrastructure department, said in recent years, Tan
Lac has invested in the construction and renovation of its arterial roads,
contributing to promoting trade and good exchanges with neighbouring districts.
The district has been focusing on mobilising investment for upgrading and
developing commercial infrastructure, creating favourable conditions in terms
of administrative mechanisms and procedures for enterprises to invest in trade;
and encouraging households on National Highway 6 and Highway 12B to trade and
do business. In addition, the district has strengthened market inspection and
management as well as fraud combat to prevent goods shortage and price fevers.
Currently, Tan Lac has 310 business households,
two minimarts, and eight convenient stores, which use digital payment and
online trade methods. Trade and service activities have contributed to raising
incomes and creating jobs for locals, with stores and supermarkets meeting
residents’ shopping demand.
In addition, the traditional wet market system
has also been upgraded, helping boost retail and consumption development. The district
is home to 11 wet markets opening daily for farmers to sell their goods.
Given the rise of COVID-19, Tan Lac has built
its supply plan to ensure sufficient goods serving local consumers. In the
first ten months of 2021, its total retail and service revenue hit over 1.65
trillion VND (71.63 million USD), fulfilling 81.7 percent of the yearly plan.
For further trade-service growth, the district
will focus on building related infrastructure, expand the market, shopping
centre and supermarket systems, creating favourable conditions for business and
production activities, intensifying market and food safety management, and
promoting trade, among other works./.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.