(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

Spending 367 billion VND to support the production development

(HBO) - Implementing the National Target Program on the development of the new rural areas, after 10 years (the period from 2011 to 2020), implementing the projects supporting the production development and the rural trades

Tan Lac district reviews 10 years of new-style rural area building

(HBO) – The People’s Committee of Tan Lac held a conference to summarise 10 years of implementing the National Target Programme on New-Style Rural Area Building in the 2010-2020 period.

Son Thuy famers rejoice at bumper longan crop

(HBO) – Farmers in Son Thuy commune, Kim Boi district, have been in a jubilant mood as their longan crop yields good results.

Loans in social policy credit programmes exceed 3.1 trillion VND

(HBO) - According to the Hoa Binh branch of the Bank for Social Policy, as of the end of July, total outstanding loans in social policy credit programmes surpassed 3.1 trillion VND (133.50 million USD), which were allocated to more than 137,830 borrowers.

Supporting the members to start their businesses and develop economy effectively

(HBO) - Ms. Nguyen Thi Khuong, the Chairwoman of the Women's Union in the district says that the program coordinated between the district’s Union and the Center of Culture, Information and Sports held the village fair - sharing the typical examples in the field of economic development associated with the traditional costume performance, which is a highlight of the supporting activities for women to start-up and develop economy in the first 6 months of this year.

Hoa Binh leader works with provincial Industry and Trade Department

(HBO) – Party Central Committee member and Secretary of the Hoa Binh Party Committee Bui Van Tinh had a working session with the provincial Department of Industry and Trade on the implementation of tasks so far this year as well as solutions for the rest of the year.