In recent years, the economic structure of Phu Hoa ward (Thu Dau Mot City) has shifted strongly towards commerce - service, industry - small-scale industry. The commerce-service sector has increasingly confirmed its leading position in local economic development, made an important contribution to improving people lives and changing the appearance of urban areas.
Trade and service sector contributes greatly to the development of the ward. In photo: People buy goods at a Bach Hoa Xanh store on Le Hong Phong street.
Diverse types of commerce - service
At present, in Phu Hoa ward, service sector is developing quite uniformly, with various types and increasingly advanced quality, such as transportation, construction materials, accommodation, high-rise buildings, hotels, banking, medical examination and treatment facilities... The whole ward currently has 3,129 businesses in this sector, an increase of 835 businesses compared to 2015. There are 14 gas businesses, 12 petrol and oil businesses, 12 banks, 9 mini supermarkets, 1 commercial center, 2 cooperatives, 30 motels and hotels.
In particular, recently the ward has witnessed the appearance of many mini supermarkets, department stores, and 24/7 convenience stores, such as Bach Hoa Xanh, VinMart, Citimart, FamilyMart, Co.opFood... with abundant fresh food, vegetables, fruits, dried food. On Le Hong Phong street solely, there are many grocery stores and mini supermarkets. At convenience stores, goods are displayed with diverse types, meeting daily needs of the people, from food, beverages to personal belongings, stationeries... Customers may also make payment for some bills of electricity, water, telephone calls, book a ticket, withdraw money at these stores.
In addition, most convenience stores offer fast food and save an area for serving food on the spot. This business form is an advantage when many young people choose these stores for the diversity of goods and services, convenience, fast serving, instead of spending a lot of time queuing at supermarkets. While grocery stores merely buy and sell goods, convenience stores are also places to enjoy food, sit here for hours and work with computers connected to Wi-Fi...
Le Thi Huong, a local resident, said: “I am a worker, every day I return home after 5.30 pm, if I stop at a market at this time, the market is very crowded, and then it is 6 pm after I buy all food for dinner. Since there were convenience stores such as Bach Hoa Xanh, Vinamart near my house, I not only save a lot of time for shopping but also get fresh and delicious food every day.
Nguyen Doan Khang, a resident of Quarter 8, said: “I often go to Bach Hoa Xanh stores to buy food. I find this model very convenient because of its affordable price, clean, safe, diverse products. In addition, these stores also have other convenience such as customers do not need to choose but the staff choose for you and then weigh, print bills.
Efforts to successfully implement resolutions
Recently, production facilities in Phu Hoa ward have focused on investment in modern equipment with the purpose of improving product quality, creating jobs and ensuring stable living conditions for workers. The whole ward currently has 1,762 businesses and production facilities, an increase of 1,080 facilities compared to the beginning of the 2015-2020 tenure. These organisations mainly operate in the field of packaging , unburnt bricks, ornamental pots, food processing... Industry and small-scale industry in the ward achieved an average annual growth rate 19%.
Phan Van Luong, Vice Chairman of Phu Hoa ward People's Committee, said that from the beginning of this tenure, the commerce and service industry had grown at an average rate of 21% per year, meeting Party Resolution of Phu Hoa ward tenure 2015-2020. Diversified types of trade, service and small-scale industry in the area have helped improve people's lives. Currently, per capita income of the ward is VND 81 million/year.
Mr. Luong said that in 2020 the ward continued to prioritize the growth of commerce and services to meet the requirements of industrialization and increasing consumer demand of the people. Besides, the ward will develop clean services employing high technology, having a positive impact on the local economic development; strengthen market management, combat commercial frauds, counterfeit goods, and protect consumers' interests.
In the coming time, leaders of Phu Hoa ward will continue to create favorable conditions for all economic sectors to participate in development and investment, with priority given to clean and advanced handicraft industries to protect ecological environment and people's health. Besides, this ward focus on traditional trades; maintain existing business activities for sustainable development...
Reported by Phuong Le - Translated by Ngoc Huynh
