(HBO) - Minh Duc cooperative was established in July 2019 with charter capital worth 2 billion VND (86,140 USD). Its main products are commercial and breeding poultry. Lac Thuy is famous for its local chicken breed which has good meat and high resilience to diseases, especially in the cold season.
Minh
Duc cooperative in Phu Thanh commune (Lac Thuy district) invests in designing
modern cages which help reduce risks of infectious diseases for the chicken
flocks.
In addition, they are easy to breed and
favoured by consumers, generating high economic value. Lac Thuy chicken breed
has received a trade mark certificate of the National Office of Intellectual
Property of Vietnam at the Ministry of Science and Technology.
Aiming for large-scale farming and access
to major markets, seven members of the cooperatives joined hands with 23
households in the commune and neighbouring areas in production and product sale.
Accordingly, all stakeholders must closely follow regulations on cages, feed
and breed selection, among others.
Over one year since its establishment, the
cooperative has maintained its production scale, selling an average 10,000 meat
chickens at 70,000-90,000 VND per kg and tens of thousands of baby chicks at
11,000 VND per each.
The cooperative creates stable job for eight workers, with a monthly income of
6 million VND per person.
The good quality of the Lac Thuy chicken
breed has established the cooperative’s prestige, enabling it to sign long-term
contracts with many major partners, including the Phuc Nguyen poultry breeding
company in Chuong My district of Hanoi and Xuan Nui Company in Thach Thanh,
Thanh Hoa province./.
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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.