(HBO) – In the 2018-2020 period, the provincial Cooperative Alliance has launched two projects on building provincial-level value chains – one in the production and marketing of orange and longan, and another for safe vegetable with the involvement of five cooperatives. Total investment for the projects is over 5.55 billion VND (more than 238,756 USD), including more than 3.2 billion VND from the State budget.
Manh Khoa Cooperative
in Cao Phong town of Cao Phong district has engaged in a project linking
production and selling of fruits in a chain value, which has shown high
economic efficiency.
The projects have assisted the cooperatives in applying
cultivation technology under the VietGAP standards, as well as in securing
materials, using e-label for origin tracing and trade promotion.
As a result, the beneficiary cooperatives have been able to expand
production scale and increase productivity and product quality. The
cooperatives also saw increases of 3-5 percent in the number of members.
Connections under the value chain have helped reduce production cost for the
cooperatives by 5-7 percent, while pushing their productivity up by 12-15
percent, output by 16-18 percent, revenue by 15-20 percent, and profit by 10-12
percent.
The Cooperative Alliance in Hoa Binh has also helped the
cooperatives to sign selling contracts with a number of companies and
supermarket chains, including Vinmart, Lotte, T-max, and HPro Mart.
Along with the implementation of the two projects, the
alliance has given consultation and guidelines to many cooperatives in setting
up linkages in the production and selling of farm produce in line with the
Prime Minister’s Decision 62/2013/QD-TTg and the Government’s Decree
98/2018/ND-CP.
In the 2016-2020 period, the province has approved and
implemented 64 projects on building agricultural product value chains,
including 40 projects engaging local cooperatives, with total investment of
over 330 billion VND.
The province has coordinated with the Vietnam Cooperative
Alliance’s agencies to build three value chains for fish farming in the Hoa
Binh reservoir by Vay Nua agricultural cooperative in Da Bac district, Cao
Phong orange by Ha Phong cooperative in Cao Phong district, and lemongrass oil
by Dao village agricultural cooperative in Hoa Binh city./.
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.
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.
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.
