Recognising the role and importance of developing the collective economy, the northern province of Hoa Binh has promptly issued support policies to propel the development of the economy, making important contributions to local socio-economic development.
Black star apple products of Yen Tri agricultural
cooperative in Yen Thuy district have been recognised as meeting the 3-star
OCOP standard.
The province is now home to 339 cooperatives operating in the
agriculture sector, providing services for members in cultivation, animal
husbandry, forestry, and aquaculture; and managing and operating irrigation and
rural clean water facilities. Up to 30% of them have products certified by
VietGAP, GlobalGAP, meeting food safety and organic conditions; 10 cooperatives
and one working group have been given domestic cultivation area codes by the
Department of Agriculture and Rural Development; while four others are awaiting
approval for export cultivation area codes. These cooperatives play an important
role in ensuring the effectiveness of social welfare, bringing many benefits
through services to the community members and rural economic life, actively
contributing to the transformation of crop and livestock structures, increasing
agricultural productivity and yield, and improving people's lives that benefit
new rural development drive.
Last year, 70 new cooperatives (75% higher than the plan) and 12 working groups
were established in the province; while 15 cooperatives, 12 working groups, and
one people's credit fund were dissolved. The locality now boasts 758 collective
economic entities, including 546 cooperatives, three people's credit funds, and
209 working groups. There are 640 active and effectively operating collective
economic entities, 79 cooperatives, and 39 working groups that ceased
operations. They draw 16,300 members and 28,000 workers. The average income in
cooperatives reached 4.54 million VND (189 USD) per person per month.
It is evident that the number of collective economic entities is increasing,
and their operational quality is gradually improving, actively supporting the
development of the member household economy through input and output services.
Many new cooperatives have been established while weak ones have ceased
operations or been encouraged to dissolve.
This year, following the provincial Party Committee’s Action Programme No.
11-CTr/TU dated December 6, 2022, implementing the 13th Party Central
Committee’s Resolution No. 20-NQ/TW dated June 16, 2022, on continuing to innovate,
develop and enhance the effectiveness of collective economy in the new phase,
the provincial People's Committee has issued several key measures to create a
positive transformation in the development of the collective economy at the
local level.
Appreciating the abundant potential and strengths of his hometown for tourism development, Ha Cong Hung, Deputy Secretary of the youth union of Mai Chau district’s Mai Hich commune, embarked on producing smoked meat with a desire to introduce his homeland's specialty to domestic and international tourists.
Hoa Binh farmers are investing big in their chilli pepper cultivation areas after the first batch of 7.5 tonnes of pickled chilli peppers was shipped to the Republic of Korea (RoK) by Tien Ngan Trade and Investment Co., Ltd last month.
Prime Minister Pham Minh Chinh attended a groundbreaking ceremony for an electronic printed circuit board (PCB) factory at Da River Left Bank Industrial Park in Hoa Binh province on April 13. The electronic PCB factory is invested by Japan's Meiko Group at a total cost of 200 million USD.
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.