(HBO) – A programme on cooperative development for 2015 – 2020 has become a driving force behind the growth of collective economy in Hoa Binh. Via the State’s assistance for their personnel training, trade promotion, and infrastructure investment, the capacity of local cooperatives has been improved significantly. In line with market demand, they have built long-term business strategies and focused on infrastructure development, trademark building, technological application in production, and the formation of distribution links, among others.
Thanks
to product diversity, revenues of local cooperatives are on the rise.
In the 2015 – 2020 period, Hoa Binh saw the
establishment of 117 cooperative groups, 297 cooperatives, and one cooperative
association. Meanwhile, 172 cooperatives were dissolved and 53 others were transformed
into cooperative groups and businesses under the 2012 Law on Cooperatives. Local
cooperatives have step by step reformed their operations and grown in scale and
revenues. The cooperatives paid attention to investing in production technology
and equipment, market research, and actively participated in supply chains and the
One Commune One Product programme. As a result, many have been able to improve
productivity and product quality, create more jobs and increase income for
members.
Now, 65 percent of the local cooperatives
are ranked as "good”, 27 percent "average”, and only nine percent "weak”.
In 2020, the average revenue from goods and
services of local cooperatives stood at nearly 3.3 billion VND each, up 153.45
percent compared to 2015, with the average profit, labour income, and number of
members per cooperative increasing 27.57 percent, 60 percent, and 42.74 percent,
respectively, in the five-year period.
The workforce of local cooperative has
become younger, while the proportion of cooperative managers with high
qualifications has risen. By the end of 2020, there were 40.71 percent of
cooperative managers holding college degree, up 35.71 percent from 2015.
However, the local collective economy still
faces a series of shortcomings, including their small or micro scales, low
productivity and competitiveness, limited technological knowledge, and lacking
of capital.
In the 2021 – 2025 period, the collective
sector is expected to maintain an annual growth at between 10 and 15 percent,
with value chain linkages formation forecast to boom. It will continue to make
significant contributions to promoting socio-economic development, ensuring
security and social order, building new-style rural areas and sustainably
reducing poverty in Hoa Binh.
The collective economic sector,
particularly cooperatives, has a great demand for human resources with
technical expertise, new science and technology, trade promotion, and credit to
develop and expand production and business scale. Besides their own resources,
resources mobilised from the market and support from the State are much needed./.
Hoa Binh City has been making strong changes in its infrastructure system and urban development, creating a vitality, a new look and taking on the leading position in the provincial socio-economic development.
Speaking at a meeting with businesses, investors, and cooperatives on the occasion of the lunar new year, Chairman of the provincial People's Committee Bui Van Khanh affirmed that with the motto of the administration accompanying businesses, Hoa Binh always determines that the success of businesses is also that of the province; and their difficulties and problems are the responsibility of the Party Committees and authorities at all levels. That motto has created a landmark in the development process of the province as well as the local business community.
The Government Office has just issued Notice No. 179/TB-VPCP, dated April 23, 2024, on the conclusions of Prime Minister Pham Minh Chinh at his meeting with the Standing Board of the Hoa Binh provincial Party Committee on April 13.
Cao Phong district has witnessed signs of economic improvement over the recent past thanks to efforts by local authorities to promote agricultural, industrial, and handicraft development.
On April 26th, the Steering Committee for completing the standards to establish Luong Son town of the province held a conference to evaluate the progress of implementing the standards to establish Luong Son town. Mr. Nguyen Van Toan, the Vice Chairman of the Provincial People's Committee, the Head of the Steering Committee chaired the conference.
On the occasion of the 70th anniversary of the Dien Bien Phu Victory (May 7, 1954 - 2024), Nguyen Phi Long, alternate member of the Party Central Committee and Secretary of the Hoa Binh provincial Party Committee, and other officials of the province and Lac Son district on April 25 visited and presented gifts to local soldiers and pioneering youths who directly engaged in the Dien Bien Phu Campaign.