(HBO) – The Hoa Binh Cooperative Alliance has held a conference to review its performance in the first half of 2019 and deploy tasks for the remaining months.

The Hoa Binh Cooperative Alliance presents certificates of membership to 12 newly-admitted cooperatives.

According to the provincial cooperative alliance’s report, Hoa Binh currently has 222 cooperative groups and 324 cooperatives. In the first six month of the year, 21 new cooperatives was established while eight others were resolved and seven temporarily suspendedtheir operations.

Theexisting cooperatives have a total of over 11,505 members, mostly households, and creates jobs for nearly 20,130 workers.

The cooperatives’ total charter capital exceeded 642 billion VND with capital averaging 2.2 billion VND each. The charter capital accounted for about 50 percent of their operating capital.

Sale revenues from goods and services averaged nearly 1.59 billion VND per cooperative, about 65 percent of which came from transactions among cooperative members.

Average profit was estimated at 197 million VND each cooperative and workers’ monthly wage was 3.8 million VND on average.

The alliance reported that 58.2 percent of the cooperatives, or 169, are running effectively. About 65.4 percent of communes in the province have established cooperatives operated in various areas. The cooperatives’ management capacity has been improved with an increase in the number of capable official personnel.

The conference outlined ten key tasks for the remaining months of the year, including continued promotion of collective economic development, adivising the provincial People’s Committee to provide funding for new cooperatives established in 2018 and 2019, continued implementation of six major projects and plans on collective economic development, developing a plan to support cooperatives in 2020, strengthening coordination among governmental agencies and departments in managing and supporting collective economic development./.


Related Topics


Farmer becomes better-off thanks to raising bamboo rats

After several unsuccessful attempts to raise pigs, buffaloes and cows, Nguyen Hong Minh who resides in Mui hamlet, Hoa Binh city’s Doc Lap commune decided to try breeding bamboo rat.

Hoa Binh creates best business environment for local firms

Chairman of the Hoa Binh People’s Committee Bui Van Khanh on February 2 held a Lunar New Year meeting with businesses, investors and cooperation in the locality. The event drew Deputy Secretary of the provincial Party Committee and Chairman of the provincial People’s Council Bui Duc Hinh; Vice President of the Vietnam Chamber of Commerce and Industry Hoang Quang Phong; representatives from the Vietnam Association of Small and Medium-Sized Enterprises and the Vietnam Association of Young Entrepreneurs; as well as leaders of local departments, sectors and localities and 200 local businesses, cooperatives and investors in the locality.

Hoa Binh works on boosting agricultural exports

Following the successes achieved in 2023, the local agricultural and rural development sector, localities and cooperatives are gearing up for first orders of the year, as part of their efforts to boost agricultural exports.

Enterprises resume operation after Tet holiday

Most workers at enterprises in the northern province of Hoa Binh have turned to work just one week after the Tet (Lunar New Year) holiday.

Hoa Binh ensures stable power supply for local production

The Hoa Binh Power Corporation (PC Hoa Binh) has directed its units to build plans as well as arrange resources to ensure stable electricity for local winter-spring crop production.

Exporting 40 tons of Bat Bao lotus porridge to Japan

On February 28, the Department of Agriculture and Rural Development of Hoa Binh province coordinated with Minh Trung Vietnam Group joint Stock Company, Hoa Binh branch in Luong Son industrial park, Luong Son district organized a ceremony to export Bat Bao lotus porridge to the Japanese.