(HBO) – In the 2018-2020 period, the provincial Cooperative Alliance has launched two projects on building provincial-level value chains – one in the production and marketing of orange and longan, and another for safe vegetable with the involvement of five cooperatives. Total investment for the projects is over 5.55 billion VND (more than 238,756 USD), including more than 3.2 billion VND from the State budget.
Manh Khoa Cooperative
in Cao Phong town of Cao Phong district has engaged in a project linking
production and selling of fruits in a chain value, which has shown high
economic efficiency.
The projects have assisted the cooperatives in applying
cultivation technology under the VietGAP standards, as well as in securing
materials, using e-label for origin tracing and trade promotion.
As a result, the beneficiary cooperatives have been able to expand
production scale and increase productivity and product quality. The
cooperatives also saw increases of 3-5 percent in the number of members.
Connections under the value chain have helped reduce production cost for the
cooperatives by 5-7 percent, while pushing their productivity up by 12-15
percent, output by 16-18 percent, revenue by 15-20 percent, and profit by 10-12
percent.
The Cooperative Alliance in Hoa Binh has also helped the
cooperatives to sign selling contracts with a number of companies and
supermarket chains, including Vinmart, Lotte, T-max, and HPro Mart.
Along with the implementation of the two projects, the
alliance has given consultation and guidelines to many cooperatives in setting
up linkages in the production and selling of farm produce in line with the
Prime Minister’s Decision 62/2013/QD-TTg and the Government’s Decree
98/2018/ND-CP.
In the 2016-2020 period, the province has approved and
implemented 64 projects on building agricultural product value chains,
including 40 projects engaging local cooperatives, with total investment of
over 330 billion VND.
The province has coordinated with the Vietnam Cooperative
Alliance’s agencies to build three value chains for fish farming in the Hoa
Binh reservoir by Vay Nua agricultural cooperative in Da Bac district, Cao
Phong orange by Ha Phong cooperative in Cao Phong district, and lemongrass oil
by Dao village agricultural cooperative in Hoa Binh city./.
Along with cultivation following good agricultural practices, the 3T Cao Phong Agricultural Cooperative (3T Farm), located in Cao Phong town, Cao Phong district, focuses on researching and applying scientific techniques to produce processed products from fresh oranges. This not only helps diversify products but also promotes sustainable consumption while maximising the value of the fresh oranges grown in Cao Phong.
The Xuan Son Cement Plant project, with a total investment exceeding five trillion VND (more than 196 million USD), is under development on a 40-hectare site in Ngoc Luong commune, Yen Thuy district. As one of 14 key projects in Hoa Binh province, the plant is expected to create a breakthrough in the local economy.
The tax sector of Hoa Binh province has proactively implemented key tasks and solutions since early 2025 to complete the state budget revenue target of 5.8 trillion VND (227.71 million USD) assigned by the Government and the Ministry of Finance; and 6.8 trillion VND set by the provincial Party Committee, People's Council, and People's Committee. Land-related revenue remains a crucial source in the locality’s state budget plan in 2025.
With its vast forest land, Da Bac district has focused on reforestation and developing forest economy over the past few years to improve livelihoods and increase income for local residents.
In 2025, Hoa Binh’s banking sector will focus on providing capital to drive production and business activities. Credit institutions in the province are committed to meeting the loan demands of businesses and individuals, fostering economic growth.
According to the Tan Lac District’s Branch of the Vietnam Bank for Social Policies (VBSP), in January 2025, the bank disbursed nearly 18 billion VND to more than 300 poor households and policy beneficiaries. Notably, the employment solution loan program had the highest disbursement, with over 5.1 billion VND, helping 81 employees access the capital to create jobs and develop their economies.
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