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.

 

 


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