(HBO) – The collective economic sector, with cooperatives at its core, has adapted to the market economy and affirmed its role in socio-economic development of Hoa Binh province and its rural areas in particular.
During the COVID-19 outbreak, the collective
sector and cooperatives have maintained operations and ensured income for
labourers.
The Huy Chi Cooperative in Hung Son commune,
Kim Boi district, which specialises in making clothes for export, has generated
jobs for about 50 local labourers.
Over the past 20 years, the collective sector
and cooperatives have grown in both quality and quantity.
Statistics show that as of the end of 2021, the
province counted 228 cooperative groups, up 2.78 percent from 2001; and 476
cooperatives, up 73.9 percent, of which 446 are operational.
The average turnover of each cooperative during
the 2013-2021 period doubled that in 2001-2012, and reached 3 billion USD last
year. Meanwhile, each labourer earns over 4 million VND monthly.
Notably, the cooperatives have promoted major
local products, and many of them have cooperated with supermarkets and big
businesses to expand the consumption market for their products, contributing to
improving product quality and competitiveness.
Bui Huyen, Vice Chairman of the Yen Thuy
district People’s Committee, said cooperative groups and cooperatives have
operated in a wide range of areas like agriculture, handicraft ad
transportation services.
Resources have been mobilised to develop the
collective sector through assisting with the establishment of new cooperatives,
providing them with modern machines, and helping put products on e-commercial
platforms, thus encouraging locals to join cooperatives.
Dinh Cong Su, Vice Chairman of the provincial
People’s Committee and head of the provincial steering board for the
development of cooperatives, noted that cooperatives have brought about
sustainable production outcomes in rural areas, especially disadvantaged and
ethnic minority-inhabited areas.
In up to 65 percent of communes, cooperatives
have actively contributed to the local agriculture-based economy and new-style
rural area building, according to the official.
Hang Kia tourism service and agricultural
cooperative in Mai Chau district was established in June 2021 with 11 members,
of which three households offer community-based tourism services, one
specialises in brocade production, and seven others engage in farming.
Each year, the cooperative welcomes nearly
10,000 holidaymakers and earns some 1 billion VND from tourism. It has also
created jobs for 15 labourers, each with income ranging from 3-5 million VND
per month.
The cooperative’s community-based tourism services
have been recognised as four-star OCOP products by the provincial People’s
Committee.
Hoa Binh now has 58 products of 41 cooperatives
that are rated three stars and above.
Apart from such achievements, limitations still
remain in the collective economic sector such as slow, unstable growth and
modest contributions to the province’s gross regional domestic product (GRDP).
Given this, Hoa Binh aims to raise the sector’s
contributions to the GRDP to 6 percent by 2030, and have 300 cooperative
groups, 730 cooperatives and 10 cooperative alliances, with 27,200 members.
Su said to achieve the targets, the province
needs to raise public awareness of the collective economy and promote the role
of all-level Party Committees and authorities and localities as well as
coordination between departments, agencies and organisations in leadership.
Other tasks include consolidating relevant
mechanisms, promoting new-style cooperative models and investing more in the
models, especially those in agriculture, in disadvantaged and ethnic
minority-inhabited areas./.
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.
