The vibrant trade and service activities
Hung Yen City is entering a peak period of trade and service development, especially in the last months of the year, when people's consumption demand increases. The city has made efforts to boost trade activities, increase promotion, advertising and prepare goods to serve consumption during the Lunar New Year, ensuring stable supply and demand and stabilizing the market.
People choose consumer goods at a supermarket in An Tao ward
Since the beginning of the year, service business activities in the city have developed vigorously, with trade and service value estimated at more than 12 trillion VND, seeing an increase of more than 10% over the same period last year. Currently, various types of trade and services are developing strongly in many communes and wards, contributing to diversifying the local economy. Hien Nam is one of the wards that considers trade and services as the spearhead of economic development. In the first 10 months of 2024, the value of trade and services of the ward has reached nearly 300 billion VND, accounting for about 75% of the total production value of the whole ward. Trade and service activities in the ward have created jobs and stable income for thousands of workers. Ms. Vu Thi Hoa, a restaurant and food service business owner in Chua Chuong residential group, said: The restaurant not only serves office meals and family dishes but also accepts orders and transports food according to the requests of customers in the city. Currently, the restaurant creates stable jobs for 6 workers with an income of 7 to 9 million VND/person/month.
In order to boost the city's agricultural products in the market, the city attaches special importance to trade promotion activities. Within the framework of the Trade, Service and Tourism Development Program for the period 2021 - 2025, the city has actively coordinated with the Department of Industry and Trade to organize many trade promotion activities, such as: Giap Thin Spring Fair 2024. In addition, the city also participates in trade promotion activities organized by the province such as: Quang Ninh OCOP Fair, Fruit Festival and OCOP products in Son La province, Early-ripening Lychee Market and Longan Market at Ecopark...
The strong development of individual business households not only creates more jobs, but also contributes to the growth of the city's services. In the past 10 months, Hung Yen city has had more than 500 newly registered individual business households, with a total registered capital of over 100 billion VND. This number reflects a positive start-up trend, creating a new wave of business in the individual sector, making an important contribution to the development of retail and consumer services. Along with that, the system of people’s markets such as Hien Nam market, Pho Hien market, and Gao market have also been invested in, renovated, and upgraded to meet the shopping needs of the people. On Tran Hung Dao and Pham Bach Ho streets in Lam Son and Hien Nam wards, many concentrated business areas have been formed such as car showrooms, shopping centers, event centers, etc., creating excitement in production and business activities, meeting the increasing consumption needs of the people.
The last months of the year are always the "golden" time for the consumer market, when people's shopping needs increase. Hung Yen city continues to perform solutions to stabilize the market, balance supply and demand to prevent speculation and price inflation. At the same time, trade promotion activities will be bolstered to attract consumers and tourists to visit and shop, thereby stimulating domestic consumption, contributing to the overall growth of the economy.
According to Hung Yen city's assessment, in the past 3 years, the city's trade and service value has always increased by over 10% annually. By 2023, the trade and service value accounted for nearly 50% of the city's total production value. In the coming time, the city aims to support newly established businesses, small and medium enterprises; maintain a favorable business environment and encourage startups... which are identified as key solutions to help the city create more jobs, while increasing the development of the local service and trade sectors. The city is implementing plans to prepare goods to ensure adequate supply and stabilize prices, avoiding sudden price increases during the Tet holiday. In particular, the city's specialized departments and units have also stepped up management, inspection, detection and handling of violations to prevent speculative acts and ensure consumer rights. In addition, the city focuses on developing e-commerce services, supporting businesses and individual business households in digital transformation to meet consumers' online shopping needs.
