Hoa Binh’s collective economy, cooperative thriving

1/9/2023 - 6:53:08 PM

(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./.

Hoa Binh takes actions to connect markets, promote values of agricultural products

After more than four years of implementing a project launched by the Hoa Binh Party Committee’s Standing Board on developing agriculture and promoting product consumption linked with building new-style rural areas for the 2021-2025 period, the province’s industry and trade sector has made significant strides, greatly contributing to local socio-economic development.

Luong Son district is determined to achieve the targets of double-digit growth

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Issuing the certificates of the product safety in the supply chain for the establishments

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Hoa Binh province reviews state budget revenue in first two months

Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.

Young Thai ethnic woman brings traditional brocade to international market

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Tan Vinh farmers strive to excel in production and business

As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.