(HBO) – Hoa Binh province now counts total of 287 agricultural cooperatives, with 19 using high technologies in production and consumption, according to the provincial Department of Agriculture and Rural Development. Of the total, 81 have suspended operation or are newly-established.
The Viba Banana
Cooperative in Lien Son commune (Luong Son district) earns 10 billion VND each
year
The
local cooperatives gather 5,131 members and generate jobs for more than 10,000
labourers.
Up
to 94.6 percent of the cooperatives are operating in the farming sector, while
the remainder specialise in husbandry, fishery, and others. Their average
income is expected to reach 310 million VND at the end of 2020, with profits
worth 177 million VND. Each regular labourer of the cooperatives earns some 38
million VND per year.
The
cooperatives mainly provide agricultural services regarding materials,
fertilisers, land preparation, irrigation, varieties and plant protection. They
have helped to sell 60 percent of the products of their members. Certain
cooperatives such as Ha Phong and Da Giang have carried out product processing
and preservation.
The
cooperatives have significantly contributed to promoting the household economic
model and completing the goals of improving added values and income, and
building new-style rural areas sustainably./.
Along with cultivation following good agricultural practices, the 3T Cao Phong Agricultural Cooperative (3T Farm), located in Cao Phong town, Cao Phong district, focuses on researching and applying scientific techniques to produce processed products from fresh oranges. This not only helps diversify products but also promotes sustainable consumption while maximising the value of the fresh oranges grown in Cao Phong.
The Xuan Son Cement Plant project, with a total investment exceeding five trillion VND (more than 196 million USD), is under development on a 40-hectare site in Ngoc Luong commune, Yen Thuy district. As one of 14 key projects in Hoa Binh province, the plant is expected to create a breakthrough in the local economy.
The tax sector of Hoa Binh province has proactively implemented key tasks and solutions since early 2025 to complete the state budget revenue target of 5.8 trillion VND (227.71 million USD) assigned by the Government and the Ministry of Finance; and 6.8 trillion VND set by the provincial Party Committee, People's Council, and People's Committee. Land-related revenue remains a crucial source in the locality’s state budget plan in 2025.
With its vast forest land, Da Bac district has focused on reforestation and developing forest economy over the past few years to improve livelihoods and increase income for local residents.
In 2025, Hoa Binh’s banking sector will focus on providing capital to drive production and business activities. Credit institutions in the province are committed to meeting the loan demands of businesses and individuals, fostering economic growth.
According to the Tan Lac District’s Branch of the Vietnam Bank for Social Policies (VBSP), in January 2025, the bank disbursed nearly 18 billion VND to more than 300 poor households and policy beneficiaries. Notably, the employment solution loan program had the highest disbursement, with over 5.1 billion VND, helping 81 employees access the capital to create jobs and develop their economies.
.jpg)
