(HBO) – The Hoa Binh Cooperative Alliance has held a conference to review its performance in the first half of 2019 and deploy tasks for the remaining months.
The Hoa Binh Cooperative Alliance presents
certificates of membership to 12 newly-admitted cooperatives.
According to the
provincial cooperative alliance’s report, Hoa Binh currently has 222
cooperative groups and 324 cooperatives. In the first six month of the year, 21
new cooperatives was established while eight others were resolved and seven temporarily suspendedtheir operations.
Theexisting cooperatives have a total
of over 11,505 members,
mostly households, and creates jobs for nearly 20,130 workers.
The cooperatives’
total charter capital exceeded 642 billion VND with capital averaging 2.2
billion VND each. The charter capital accounted for about 50 percent of their
operating capital.
Sale revenues
from goods and services averaged
nearly 1.59 billion VND per cooperative, about 65 percent of which came from
transactions among cooperative members.
Average profit
was estimated at 197 million VND each cooperative and workers’ monthly wage was 3.8 million VND on average.
The alliance
reported that 58.2 percent of the cooperatives, or 169, are running
effectively. About 65.4 percent of communes in the province have established
cooperatives operated in various areas. The cooperatives’ management capacity
has been improved with an increase in the number of capable official personnel.
The conference
outlined ten key tasks for the remaining months of the year, including
continued promotion of collective economic development, adivising the
provincial People’s Committee to provide funding for new cooperatives
established in 2018 and 2019, continued implementation of six major projects
and plans on collective economic development, developing a plan to support
cooperatives in 2020, strengthening coordination among governmental agencies
and departments in managing and supporting collective economic development./.
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.
Nguyen Van Thap from Kim Duc hamlet, Vinh Tien commune, Kim Boi district, has built the brand of Hoa Qua Son for local fruits. His efforts have brought about income for his family and generated job opportunities for locals, helping hundreds of households escape from poverty.
The Hoa Binh administration was entrusted by the Prime Minister with a budget of 3.43 trillion VND (142.91 million USD) for investment in 2024. The provincial People's Council approved nearly 3.76 trillion VND, which has been meticulously allocated to projects, achieving 100% of the assigned capital plan.