(HBO) – The Hoa Binh provincial Steering Committee on Collective Economic Development on January 10 held a teleconference reviewing its 2021 activities. Vice-Chairman of the provincial People’s Committee and its head Dinh Cong Su chaired the event.
Photo: Vice Chairman of the provincial People’s Committee and head of the provincial Steering Committee on Collective Economic Development concludes the event.
As of December 31, 2021, the province was home to 454 cooperatives, up 7.5 percent annually; four people’s credit funds and 211 cooperative teams, up 6.5 percent. Last year, 67 new cooperatives were established, up 3.08 percent annually and 18 cooperative teams, up 20 percent. Two representative offices of the Vietnam Cooperative Union are managing markets in the province. Collective economic organisations attracted 15,200 members and 26,000 workers. Average revenue and profit of each cooperative reached 2.23 billion VND and 250 million VND, respectively while average income of workers stood at 4.16 million VND each month per person. In cooperative teams, their revenue averaged 220.14 million VND each and profit at 56.5 million VND. The gap between revenue and expenditure of people’s credit funds reached 5.73 billion VND. The total profit of collective economic organisations hit 132.37 billion VND, or 0.24 percent of the added value and 0.43 percent of the province’s gross regional domestic product. Revenue to the State budget was estimated at 5.083 trillion VND, equivalent to 0.1 percent of the province’s State budget collection. This year, the steering committee set 12 targets.
Speaking at the event, Vice Chairman Su stressed that in order to fulfil 2022 targets, the steering committees on collective economic development at the provincial and district level need to continue following the Party’s guidelines and State laws and policies on collective economy, disseminating policies and legal documents and improving the capacity of workforce in cooperatives. Further attention must be paid to the implementation of policies on support and incentives for cooperatives in line with the Government’s Decree No.193/2013/ND-CP dated November 21, 2013 regulating in details several articles of the Cooperatives Law, the strengthening of State management on collective economy, and pooling the involvement of social forces and mass organisations at home and abroad for the effort./.
Once a mountainous province facing many challenges, Hoa Binh has, after more than a decade of implementing the national target programme on new-style rural area development, emerged as a bright spot in Vietnam’s northern midland and mountainous region. In the first quarter of 2025, the province recorded positive results, paving the way for Hoa Binh to enter a phase of accelerated growth with a proactive and confident mindset.
Hoa Binh province is steadily advancing its agricultural sector through the adoption of high-tech solutions, seen as a sustainable path for long-term development.
The steering committee for key projects of Hoa Binh province convened on May 14 to assess the progress of major ongoing developments
A delegation of Hoa Binh province has attended the "Meet Korea 2025" event, recently held by the Ministry of Foreign Affairs, the Embassy of the Republic of Korea (RoK) in Vietnam, the Korea Trade-Investment Promotion Agency, and the People's Committee of Hung Yen province.
Hoa Binh province joined Vietnam’s national "One Commune, One Product” (OCOP) programme in 2019, not simply as a mountainous region following central policy, but with a clear vision to revive the cultural and agricultural values in its villages and crops.
From just 16 certified products in its inaugural year to 158 by early 2025, the One Commune One Product (OCOP) programme in Hoa Binh province has followed a steady and strategic path. But beyond the numbers, it has reawakened local heritage, turning oranges, bamboo shoots, brocade, and herbal remedies into branded, market-ready goods - and, more profoundly, transformed how local communities value and present their own cultural identity.
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