Over the years, collective economy with cooperatives as the core has affirmed its role and position in paving the way for the building of new-style rural areas in Hoa Binh.
Hop Tien forest honey product by Green Life Cooperative in Hop Tien commune, Kim Boi district, which has been rated three star in the One Commune-One Product (OCOP) programme, is introduced during a project to improve livelihood opportunities for youngsters from ethnic minority groups held by Aide et Action Vietnam.
Quyet Chien commune of Tan Lac district, which is home to massive vegetable and chayote farms, has established Quyet Chien Cooperative. Bui Van Hoang, a local farmer, said that each year, after joining the cooperative, he earns 80-120 million VND (3,284-4,926 USD) from each hectare of chayote farm.
Along with guiding local farmers in cultivating safe vegetable, Quyet Chien Cooperative, which has so far had 50 members, has support them in selling their products and applying science and technology in off-season vegetable growing to earn higher income.
Meanwhile, in Doc Lap commune of Hoa Binh city, Doc Lap Cooperative was formed in November 2020 with an initial membership of 10. So far, the cooperative has drawn 50 local households who raise goats and grow winter melon. It has assist local farmers in selling about 2,000 tonnes of winter melon per year.
Nguyen Thu Thu Huong, a local in Song village of Doc Lap commune, said that as a member of the cooperative, her family has received five breeding goats and goat raising guidance. Each breeding goat can give birth to three baby goats each year, she said, stressing that the model has greatly supported her family in stabilising their livelihood.
Stable cooperatives and models of production combined with product selling are among criteria for a new-style rural area.
Recognising the significance of cooperative economic establishment, over the eyars, Hoa Binh has effectively implemented plans, programmes and policies to support this economic sector.
Statistics from the provincial Steering Committee for Cooperative Economic Development showed that currently, Hoa Binh has 639 cooperative economic establishments that are operating stably, drawing more than 16,000 members. This year, the average revenue of each cooperative is about 1.54 billion VND, that of a people’s credit fund at 19.2 billion VND and of a cooperative group 201.5 million VND.
Nguyen An Dinh, Chairman of the provincial Cooperative Alliance, said that in the time to come, the province will strengthen communications, consultations and support policies in order to form new cooperatives and enhance the operational efficiency of operating ones, especially in communes that have yet to complete the new-style rural area building programme at all levels.
At the same time, the province will continue to guide localities to build modern cooperatives with linkage in production, business and product selling, while providing optimal conditions for cooperatives to access development support policies.
Maximizing local potential and advantages, Yen Tri commune in Yen Thuy district is actively promoting the cultivation of medicinal herbs and turning medicinal herbs into One Commune - One Product (OCOP) products.
Situated at the gateway to the Northwest, Hoa Binh province has a population of over 900,000, including about 540,000 of working age. It is home to 6,000 businesses and production facilities, providing employment for over 100,000 workers. The remaining workforce is engaged in informal jobs, works in enterprises outside the province, or contributes to agro-forestry-fisheries. Additionally, around 3,000 workers are employed abroad.
The Hoa Binh provincial People's Committee has issued Decision No. 2767/QD-UBND announcing the rankings of departments, agencies, districts and Hoa Binh city in the Public Administration Reform Index (PAR) and the Satisfaction Index of Public Administration Services (SIPAS) in 2024.
The cultivation of Dam Xanh fish (Bangana lemassoni), a unique fish species, has seen remarkable growth in Mai Chau district, thanks to its high economic value and effectiveness. Initially concentrated in Van Mai commune, farming has now extended to four other communes, namely Mai Hich, Mai Ha, Chieng Chau, and Son Thuy. These areas benefit from pristine underground water flowing from mountain crevices, providing ideal conditions for raising this specialty fish.
In 2024, the total state budget revenue of Hoa Binh Province is estimated at approximately VND 6,930 billion, achieving 183% of the Government’s target, 126% of the target assigned by the Provincial People's Council, and 145% compared to the same period last year.
In 2024, Hoa Binh province has shown signs of improvement in attracting investment and developing enterprises.
