Developing trade and services, creating growth momentum

ĐBP - Stable purchasing power, tourism growth, and progressive recovery in transportation and foreign trade are creating further room for dynamic development in Điện Biên province’s trade and services sector.

Leveraging potentials, advantages, and new drivers, Điện Biên is focusing on enhancing service quality, expanding markets, and promoting goods circulation, thereby positioning trade and services as vital engines contributing to rapid and sustainable economic growth momentum.

Over the recent period, trade and service activities across the province have seen positive changes, expanding in quantity, scale, and quality, progressively satisfying the production, business, and consumption demands of the people. The goods distribution system has broadened steadily, with a network of wholesale and retail stores reaching out to rural, remote, mountainous, and border areas. The development of the commercial network facilitates access to essential goods for local residents, bridges market gaps among different regions, accelerates commodity circulation, expands outlets for local produce, and stimulates both production and consumption.

Accordingly, in the first 6 months of the year, total retail sales of consumer goods and services revenue across the province were estimated at VND 16,665.84 billion, up 15.25% year-on-year, reaching 53.16% of the annual plan. In this breakdown: retail sales of goods reached an estimated VND 12,638.26 billion; accommodation and food services accounted for VND 1,492.98 billion; and other services reached VND 2,531.20 billion. The total value of import-export goods, services, and border trade was estimated at USD 82.91 million, up 26.68% year-on-year and reaching 51.82% of the annual plan.

Local residents displaying agricultural products at the 2026 Điện Biên provincial Trade and OCOP Product Promotion Fair.

At the grocery store owned by Lương Đình Trọng’s family in the Bản Phủ Market, Thanh An commune, trading activities take place busily. Lương Đình Trọng shared: “In recent years, trade has flourished and living standards have improved, driving up shopping demand. Therefore, my family imported additional essential items to serve local needs. We always choose reputable distributors, prioritizing quality goods with clear origins and inspection certificates, earning strong trust from local consumers.”

Currently, across all 45 out of 45 communes and wards in the province, trade and service models are developing diversely and dynamically, better meeting production, business, and consumption requirements. Alongside traditional market networks, supermarkets, commercial centers, convenience stores, self-service shops, and retail chains are expanding in number, scale, and service formats. This meets evolving market demands and provides a solid foundation for the trade and services sector to continue driving provincial economic growth.

Mường Mùn commune is focusing on effectively exploiting potentials and strengths, generating positive transformations in trade and services. The communal Party committee and administration prioritize mobilizing and integrating resources from programs and projects to construct and complete infrastructure, creating favorable conditions for commerce, production, and business.

Trần Trung Kiên, Vice Chairman of the People’s Committee of Mường Mùn commune, stated that thanks to the focused involvement of the Party committee and government alongside public dynamism, business and trading activities in the commune are quite bustling. Currently, the commune maintains 7 cooperatives and 122 individual business households, creating jobs, boosting incomes, and advancing the local economy. Since the beginning of the year, the commune has issued new Business Registration Certificates to 36 households, demonstrating an expanding trend in business operations and increasing market vitality.

The growth of production, business, and service activities not only widens employment opportunities, raises incomes, and improves quality of life, but also helps consolidate political security and maintain public order and safety. Consequently, trade and services increasingly affirm their role as a primary driver promoting provincial economic growth; in the first 6 months of 2026, the province’s gross regional domestic product (GRDP) at 2020 constant prices was estimated at VND 15,437.32 billion, up 8.67% year-on-year, ranking 5th out of 9 provinces in the Northern Midlands and Mountainous region and 17th out of 34 provinces and centrally run cities nationwide.

To develop trade and services in the coming time, the province will allocate and support resources for localities to invest in building and upgrading transport routes, markets, and commercial infrastructure, progressively completing the circulation and distribution network. Concurrently, the province focuses on perfecting mechanisms and policies, creating a favorable investment climate to encourage and attract diverse economic sectors into developing shopping malls, supermarkets, hotels, restaurants, and various service forms.

Localities focus on raising the efficacy of trade promotion activities and goods branding; collaborating with functional forces to stabilize and monitor the market, countering smuggling and commercial fraud to safeguard the interests of consumers and supplying enterprises. In parallel, support is extended to enterprises, production facilities, and residents to access e-commerce skills, distribute products across e-commerce platforms, and accelerate online shopping and digital payments.

Trade and services are increasingly affirming their role as crucial drivers promoting economic growth, generating employment, boosting income, ensuring social welfare, and improving public living standards. This serves as a vital foundation for Điện Biên to continue unlocking resources, accelerating economic restructuring, enhancing competitiveness, and heading toward rapid, sustainable development in the new phase.

Sầm Phúc
Comment

You have 500/500 characters left

Please enter 5 or more characters!!!

Recent news

  • 'Safe riding starts at school

    Safe riding starts at school

    SOCIAL AFFAIRS -
    ĐBP - Equipping students with knowledge of traffic laws, developing their vehicle-handling skills and fostering a sense of responsibility to follow traffic regulations are priorities for schools across Điện Biên province.
  • '“Gap” left behind departing footsteps (Part 3)

    “Gap” left behind departing footsteps (Part 3)

    SOCIAL AFFAIRS -
    ĐBP - The Party cell serves as the political nucleus at the grassroots level, translating Party guidelines directly into everyday life. A strong Party cell is defined not merely by its numerical strength, but by the quality of its contingent, its combativeness, and its capacity to rally the masses.
  • 'Keeping folk culture alive within the community

    Keeping folk culture alive within the community

    CULTURE - SPORTS -
    ĐBP - Amid resonant melodies, graceful dances and folk tunes imbued with ethnic identity continue to be safeguarded and carried forward in today’s life. At the Thành Bản Phủ Folk Arts Club, these values are preserved by members through regular practice sessions and performances, ensuring traditional culture is handed down and disseminated throughout community life.
  • 'Mùa A Nhìa - The man who is bringing technology to hillsides

    Mùa A Nhìa - The man who is bringing technology to hillsides

    SOCIAL AFFAIRS -
    ĐBP - Watching Mùa A Nhìa maneuver an unmanned aerial vehicle (UAV) to take off and then gently descend onto a patch of ground in the middle of his family’s coffee orchard in Chế Á village, Quài Tở commune, anyone would think he was a bona fide technology engineer. Yet A Nhìa simply acknowledged that he is merely a farmer who knows how to use technology.
  • 'Sowing “Party’s seeds” in Điện Biên (Part 4)

    Sowing “Party’s seeds” in Điện Biên (Part 4)

    NEWS - POLITICS -
    ĐBP - From a young person in a highland village to becoming a Party member and subsequently being entrusted with grassroots-level operational posts is a long journey. In Điện Biên, numerous “seeds” are identified, tempered through practice, afforded conditions to mature, and progressively turned into successor cadre reserves for the locality.
  • 'Mường Ảng coffee enters harvest season

    Mường Ảng coffee enters harvest season

    ECONOMY -
    ĐBP - These days, across the hillsides of Mường Ảng commune, coffee plantations are commencing their harvesting season. Ripe red cherries stand out among green foliage as nimble-fingered groups selectively pick mature clusters and pack them into sacks. A bustling harvest atmosphere permeates lands long bound to coffee cultivation over many years.
  • 'Sowing “Party’s seeds” in Điện Biên (Part 3)

    Sowing “Party’s seeds” in Điện Biên (Part 3)

    NEWS - POLITICS -
    ĐBP - The maturation of a young Party member typically begins with the guidance of predecessors. Upon reaching maturity, they in turn become pathfinders for the succeeding generation of mass prospects. This continuous progression cultivates fresh nuclei for Party organizations directly out of grassroots-level life.
  • 'Untangling zoning bottlenecks to expand macadamia and coffee acreage

    Untangling zoning bottlenecks to expand macadamia and coffee acreage

    ECONOMY -
    ĐBP - Macadamia and coffee serve as key cash crops in the restructuring of the province’s agricultural sector. Operational implementation across localities indicates that acreage for both crops is surging rapidly, exceeding targets in numerous areas. However, expanding cultivation areas confronts obstacles as land funds fall within forestry zoning, demanding prompt measures to address the bottlenecks.
  • '“Awakening” historical relics

    “Awakening” historical relics

    CULTURE - SPORTS -
    ĐBP - Early in the morning atop Hill A1, mist still blankets tree canopies. Amid the tranquil atmosphere of the Điện Biên basin, cadres and staff of the Điện Biên Phủ Museum arrived early to carry out environmental sanitation and landscape maintenance across the relic site.
  • '100 days to go digital: Điện Biên digitizes Party member records

    100 days to go digital: Điện Biên digitizes Party member records

    NEWS - POLITICS -
    ĐBP - These days, even after office hours end, teams tasked with digitizing Party member records remain hard at work. Each file is carefully reviewed, organized, scanned, checked and uploaded to the system. Điện Biên has identified this as a key task in modernizing the Party’s leadership methods and reforming administrative procedures within Party organizations, in line with the national digital transformation roadmap.
  • 'Digital government: Greater convenience from every administrative dossier

    Digital government: Greater convenience from every administrative dossier

    SOCIAL AFFAIRS -
    ĐBP - At the Điện Biên provincial Public Administration Service Center, receiving and processing administrative procedures is conducted within an electronic environment. Utilizing their VNeID electronic identification accounts, citizens and businesses can log in, submit dossiers, track processing progress, and execute online payments.