(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./.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
In the first quarter of 2024, the credit institutions in the province have actively deployed the legal documents of the State and the State Bank relating to currency, credit and interest rates. At the same time, they have promoted the capital mobilization, focusing on the solutions to expand the credit investment along with strengthening the credit quality management, lending to priority programs to promptly meet the capital needs for export - business and consumer demand during Tet in 2024.
Outside the key economic region of Hoa Binh, yet Lac Son district has utilised its potential and strengths regarding labour, land, and transportation connectivity to attract investment to the locality, contributing to promoting socio-economic development.
In a move to expedite the execution and disbursement of the 2024 capital plan for ODA projects, aiming for a disbursement rate of over 90% of the allocated funding, the Hoa Binh People's Committee issued Document No. 483/UBND-KTN on April 3, 2024, regarding such efforts.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.
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