(HBO) – The collective economic sector, with cooperatives at its core, has adapted to the market economy and affirmed its role in socio-economic development of Hoa Binh province and its rural areas in particular.
During the COVID-19 outbreak, the collective
sector and cooperatives have maintained operations and ensured income for
labourers.
The Huy Chi Cooperative in Hung Son commune,
Kim Boi district, which specialises in making clothes for export, has generated
jobs for about 50 local labourers.
Over the past 20 years, the collective sector
and cooperatives have grown in both quality and quantity.
Statistics show that as of the end of 2021, the
province counted 228 cooperative groups, up 2.78 percent from 2001; and 476
cooperatives, up 73.9 percent, of which 446 are operational.
The average turnover of each cooperative during
the 2013-2021 period doubled that in 2001-2012, and reached 3 billion USD last
year. Meanwhile, each labourer earns over 4 million VND monthly.
Notably, the cooperatives have promoted major
local products, and many of them have cooperated with supermarkets and big
businesses to expand the consumption market for their products, contributing to
improving product quality and competitiveness.
Bui Huyen, Vice Chairman of the Yen Thuy
district People’s Committee, said cooperative groups and cooperatives have
operated in a wide range of areas like agriculture, handicraft ad
transportation services.
Resources have been mobilised to develop the
collective sector through assisting with the establishment of new cooperatives,
providing them with modern machines, and helping put products on e-commercial
platforms, thus encouraging locals to join cooperatives.
Dinh Cong Su, Vice Chairman of the provincial
People’s Committee and head of the provincial steering board for the
development of cooperatives, noted that cooperatives have brought about
sustainable production outcomes in rural areas, especially disadvantaged and
ethnic minority-inhabited areas.
In up to 65 percent of communes, cooperatives
have actively contributed to the local agriculture-based economy and new-style
rural area building, according to the official.
Hang Kia tourism service and agricultural
cooperative in Mai Chau district was established in June 2021 with 11 members,
of which three households offer community-based tourism services, one
specialises in brocade production, and seven others engage in farming.
Each year, the cooperative welcomes nearly
10,000 holidaymakers and earns some 1 billion VND from tourism. It has also
created jobs for 15 labourers, each with income ranging from 3-5 million VND
per month.
The cooperative’s community-based tourism services
have been recognised as four-star OCOP products by the provincial People’s
Committee.
Hoa Binh now has 58 products of 41 cooperatives
that are rated three stars and above.
Apart from such achievements, limitations still
remain in the collective economic sector such as slow, unstable growth and
modest contributions to the province’s gross regional domestic product (GRDP).
Given this, Hoa Binh aims to raise the sector’s
contributions to the GRDP to 6 percent by 2030, and have 300 cooperative
groups, 730 cooperatives and 10 cooperative alliances, with 27,200 members.
Su said to achieve the targets, the province
needs to raise public awareness of the collective economy and promote the role
of all-level Party Committees and authorities and localities as well as
coordination between departments, agencies and organisations in leadership.
Other tasks include consolidating relevant
mechanisms, promoting new-style cooperative models and investing more in the
models, especially those in agriculture, in disadvantaged and ethnic
minority-inhabited areas./.
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.
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