To facilitate this development, Điện Biên province has issued numerous mechanisms and support policies to improve the investment and business environment, alongside administrative reforms to ensure sustainable enterprise growth.

The entire province currently has over 1,500 enterprises with a total registered capital of over VND 38 trillion, along with more than 900 branches and nearly 21,000 business households. The private sector is growing in both quantity and scale, with individual business households playing a particularly crucial role, totaling over 20,630 units with a registered capital of approximately VND 2,431 billion. Beyond numerical growth, the private sector is a key force in stabilizing social life and creating sustainable livelihoods, especially in rural and remote areas. Currently, this sector employs 65% of the province’s labor force. In 2024, the average income for workers in private enterprises reached nearly VND 6.8 million per month, showing a clear improvement in living standards compared to previous years.

In many localities, private enterprises have adapted to modern trends by boldly investing in key sectors such as agriculture, processing, trade, services, construction, and tourism. In the agricultural sector specifically, many businesses have effectively utilized digital transformation to expand online sales channels and participate in value chain linkages, thereby increasing added value and sustainability.

The province’s trade and service sector has recorded a strong breakthrough recently. Alongside supermarkets and commercial centers in the heart of the province, the number of business households in various communes and wards is increasing rapidly. In addition to the large supermarket in Mường Thanh ward, the Hoa Ba Education and Trading Service Co., Ltd. inaugurated the Hoa Ba Tuần Giáo Supermarket in Tuần Giáo commune, creating a commercial highlight in the first month of the year. Since its opening on January 24, the supermarket has recorded between 300 and 400 shoppers daily. To meet the high demand during the lunar new year peak, the business imported an additional VND 5 billion worth of goods to ensure abundant supply and stable prices.

According to Nguyễn Chí Dũng, Director of the Hoa Ba Tuần Giáo Supermarket, the supermarket has integrated various utility services such as loyalty cards and home delivery to enhance the customer experience. Groups of goods are carefully selected and diversified to meet the rising needs of the local population during the peak season of the 2026 Lunar New Year.

The development of the private sector in Điện Biên is closely linked to policies designed to improve the investment environment. Providing favorable administrative procedures and access to land and credit has become an important lever to awaken the potential of this sector. With the goal of making the private economy a core driver of growth, the Standing Board of the provincial Party Committee issued Resolution No.13-NQ/TU on December 31, 2025, regarding private sector development for the 2026-2030 period with a vision toward 2045.

By 2030, the province strives to have an additional 2,500 effectively operating private enterprises and aims to attract between 50 and 90 non-budget projects annually. This sector is expected to create jobs for over 50,000 workers with an average income of approximately VND 12 million per month. During the 2026-2030 period, the private sector’s growth rate is targeted at 11% per year, eventually contributing 40% of the provincial GRDP. To achieve this, Điện Biên is implementing a synchronized group of solutions, including renewing leadership thinking, improving resource access, and promoting digital transformation.

The province is also pinning high hopes on the “Green lane” mechanism for key non-budget projects. By cutting administrative procedure time by 70% to 90%, this breakthrough is expected to strongly improve the investment environment and build firm trust within the business community, ensuring that policies are implemented effectively from the top down.