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.
Since the beginning of this year, under the direction of the Department of Agriculture and Environment, the Sub-Department of Agricultural, Forestry, and Fishery Product Quality Management has strengthened the integration of the professional activities to promote and guide the organizations and individuals in the production and trading of agricultural, forestry, and fishery products to comply with the legal regulations regarding the use of chemicals, pesticides and veterinary medicines in crop cultivation, livestock farming and aquaculture. They also provide guidance to processing and manufacturing establishments on keeping the records to trace the product origins and using food additives from the approved list according to the regulations.
Hoa Binh province saw a significant rise in state budget revenue in the first two months of 2025, heard a meeting chaired by Vice Chairman of the provincial People’s Committee Quach Tat Liem.
Ha Thi Ha Chi, a 26-year-old graduate in law, has taken an unconventional path by returning to her hometown in Mai Chau district to establish the Tong Dau Cooperative, creating stable jobs for local women and bringing Thai ethnic brocade weaving to the global market.
As the Lunar New Year 2025 approached, pork prices surged, creating a profitable season for farmers in Tan Vinh commune, Luong Son district. Taking advantage of the rising demand, Can Minh Son, a farmer from Coi hamlet, sold over 30 pigs at 69,000 VND/kg, each weighing more than 100 kg. After deducting expenses, his family earned a profit of over 50 million VND.
alternate member of the Central Party Committee, Secretary of the Hoa Binh provincial Party Committee Nguyen Phi Long on March 5 had a working session with Yan Jiehe, Founder and Chairman of the China Pacific Construction Group, one of China's largest private corporations in the field of transport infrastructure. Deputy Secretary of the provincial Party Committee, Chairman of the provincial People's Committee Bui Duc Hinh and leaders of provincial departments and sectors also attended the working session.
The electronic printed circuit board (PCB) manufacturing and processing plant of Japan’s Meiko Group, located at Da River Left Bank Industrial Park in Hoa Binh city with a total investment of over 200 million USD, is expected to create thousands of jobs and make a significant contribution to the local budget.