The Steering Committee for Cooperative Economic Development of Hoa Binh province organised a conference on January 10 to review its operation in 2023 and launch orientations and tasks for 2024. The event was chaired by Vice Chairman of the provincial People’s Committee Dinh Cong Su.
Vice Chairman of the provincial People’s Committee Dinh Cong Su speaks at the
conference.
In 2023, the Steering Committee for Cooperative Economic Development strictly
maintained operations in accordance with working regulations. Communications
work was enhanced to raise public awareness of cooperative economic
development.
Training courses were organised to improve the quality of human resources for
cooperatives. As many as 31 cooperatives got loans totaling 16 billion VND
(over 653,000 USD) from the province’s cooperative development support fund.
Up to 70 new cooperatives were established in the year, 75% higher than the set
plan, lifting the total to 758. The average revenue and profit of a cooperative
are estimated at 1.52 billion VND and 164 million VND, respectively.
At the conference, the committee’s members focused their discussion on issues
related to production land, cooperative headquarters, criteria for establishing
new cooperatives every year, capital sources, and developing sustainable raw
material areas.
In 2024, the committee will strengthen its leadership and direction for
collective economic development and provide consultation to the provincial
People's Committee to implement the 2023 Law on Cooperatives and policies on
developing collective economy and cooperatives.
Average revenue of each cooperative and income of regular labourers in
cooperatives are expected to increase by 7% and 4%, respectively. At least 20
cooperative models are hoped to be recognised as typical models in the year.
Speaking at the conference, Vice Chairman of the provincial People’s Committee
Dinh Cong Su called on sectors and the committee’s units to strengthen
leadership and direction for cooperative economic development, thus
contributing to promoting the province’s socio-economic development.
In recent times, Hoa Binh province has shown its determination and high sense of responsibility in seriously implementing the directives of the Party Central Committee and its Politburo and Secretariat regarding the streamlining of the political system’s organisational apparatus and the development of a two-level local administration system. The aim is to build a commune-level administration that is close to the people, attentive to their needs, and capable of quickly responding to the demands of both businesses and citizens, while also opening up new development spaces.
Over the past three years, the northern mountainous province of Hoa Binh has begun redefining its position on Vietnam’s service landscape with a series of distintive commercial models, from highland night markets, pedestrian-friendly streets, to logistics centres tied to local agricultural products.
Hoa Binh city has marked a significant step in sustainable forest management as nearly 1,450 hectares of its plantation forests have been granted Forest Stewardship Council (FSC) certification, an international standard required to access major wood markets such as the EU, the US, and Japan.
Construction on the Xuan Thien Hoa Binh lime and light powder factory in Yen Bong commune, Lac Thuy district - a key project of Hoa Binh province - started on April 24.
Hoa Binh city is transitioning to modern and sustainable agriculture by leveraging its natural advantages to efficiently develop crop cultivation and animal husbandry. The city is applying scientific and technical advancements to farming, processing, and distribution while expanding export markets, significantly increasing production value and incomes for farmers.
Hoa Binh province’s economy posted an impressive Gross Regional Domestic Product (GRDP) growth rate of 12.67% in the first quarter of 2025, representing a 12.76% year-on-year increase, the highest rate recorded since the beginning of the current tenure, according to the provincial Statistics Office. This robust growth reflects years of strategic groundwork and sets a strong foundation for the province’s annual growth target of over 10%.
