Commerce - service flourishes

Along with the recovery and growth of industrial production value, investment attraction, etc., the commerce - service sector in the province has grown rapidly in recent years. This can be seen as a very encouraging signal in this field after a long time being heavily affected by the Covid-19 pandemic.

Thanks to the synchronous and effective implementation of solutions to recover the economy, including commerce and service, the growth rate of this sector in the province has gone up again. Types of commerce and service have a considerable growth, driven by the increase in the total retail sales of goods and services. In the context of rapid economic recovery, people's living standards continue to improve, and heighten the purchasing power of goods and services.

Besides, the commerce and service network in the province has reached a fast development, been diversified in industries; the market system was newly built, fully upgraded and put into stable operation; The modern system of trading channels, especially e-commerce platforms, online sales is quite widespread and growing... has promoted commerce and services after a prolonged period of influence from the pandemic.

In addition, there are also mechanisms to encourage and support all economic sectors, especially the non-state economy, and foreign enterprises to invest in commerce and service. Commerce and service infrastructure is modernly invested in order to develop high-quality services, meeting the standards to join large-scale international trade associations; Digital transformation in commerce and services is focused. This has contributed to shaping and developing a modern, smart commerce and service platform, meeting the people's shopping needs in the new situation. The continued growth of the commerce and service sector has made an important contribution to the settlement of output and product consumption for the manufacturing industries in the province; better meet the needs of people's consumption and production.

Along with industrial production, commerce and service are playing an important role and position in the economy, making an important contribution to the economic growth of the province; at the same time promoting economic restructuring towards modernity.

Reported by Dam Thanh – Translated by Ngoc Huynh