(HBO) – Fifty co-operatives and 16 cooperative groups were established in the northern province of Hoa Binh in 2022, an increase of 35% and 14% respectively compared with those in 2021. By now, the province has a total of 485 cooperatives, four People's Credit Funds, and 209 cooperative groups.
Hoa Binh province’s cooperatives
participate in trade promotion in Hanoi.
Of those, 405 co-operatives, three People’s Credit Funds, and
168 co-operative groups are operating.
The province's collective economic organisations attracted over
17,000 members and created jobs for 28,300 workers.
The average revenue of cooperatives in the province is estimated
at 2.36 billion VND (100,500 USD), up 5.83% compared to that of 2021.
Last year, each cooperatives got an average profit of 260
million VND, 4% higher than that of 2021.
Cooperatives members and workers got an average yearly income of
54 million VND, 8.17% higher than that of 2021.
Tran An Dinh, chairman of the provincial Cooperatives Alliance,
said that from the beginning of last year, the alliance proposed the provincial
People’s Committee mechanism, policies, and measures to support collective
economic organisations, and cooperatives in production recovery.
Many local cooperatives shifted from producing and consuming
products to providing services for their members' production and daily
activities, he said.
The alliance also carried out trade promotion activities in
Hanoi, Lao Cai city, central and Central Highland provinces as well as
those taking place in the southern region.
Co-operatives and cooperative groups in the province signed
contracts with partners across the country on the production and consumption of
products.
In 2021, the COVID-19 pandemic forced many transport, trade, and
tourism cooperatives to suspend their operation. However, in 2022, cooperatives
operating in these two fields made breakthroughs and recovered quickly.
Giang A La, Chairman and Director of Hang Kia Agricultural and
Tourism Service Cooperative in Mai Chau district, said that to attract tourists
last year, the cooperative invested in upgrading rooms and designed new tours
for tourists to explore the forests, enjoy hovering clouds around mountains,
experience farming activities, and learn about the culture of the Mong people.
Besides, the cooperative regularly posted images of nature and
Hang Kia culture on social networks like Facebook or Zalo, La said, adding that
his co-operative actively participated in trade promotion activities in the
provinces and across the country. He said that last year saw a jump in the number of the
co-operative's clients. Its rooms were booked fully on weekends and holidays./.
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.
Hoa Binh province has mobilised all resources to propel local agricultural products to make inroads into foreign markets, towards lifting the export turnover of key agricultural products to 137.8 million USD by 2030, accounting for 3.4% of the locality’s total export value of goods.
The locality aims to export farm produce to the US, the European Union, the UK, China, Japan, and the Republic of Korea.