(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./.
Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.
In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.
Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.
Amid efforts to streamline the administrative apparatus, Hoa Binh province has intensified measures to address challenges in land clearance, resettlement support, and infrastructure investment, aiming to speed up the progress of key projects.
Hoa Binh province has posted an unprecedented economic growth rate of 12.76% in the first quarter of 2025, marking its highest quarterly performance to date and positioning it as the second fastest-growing locality in the country, trailing only Bac Giang province.
Under current regulations, products in the One Commune – One Product (OCOP) programme that are rated three stars or higher must undergo re-evaluation every three months. However, in reality, some of these products fail to consistently meet the required standards, raising concerns about the sustainability of their OCOP certification. This underscores the urgent need for producers to enhance product quality and gradually develop their OCOP products into strong, marketable brands.
