Hoa Binh’s collective economy, cooperative thriving

1/9/2023 - 6:53:08 PM

(HBO) – Fifty co-operatives and 16 cooperative groups were established in the northern province of Hoa Binh in 2022, an increase of 35% and 14% respectively compared with those in 2021. By now, the province has a total of 485 cooperatives, four People's Credit Funds, and 209 cooperative groups.

Hoa Binh province’s cooperatives participate in trade promotion in Hanoi.

Of those, 405 co-operatives, three People’s Credit Funds, and 168 co-operative groups are operating.

The province's collective economic organisations attracted over 17,000 members and created jobs for 28,300 workers.

The average revenue of cooperatives in the province is estimated at 2.36 billion VND (100,500 USD), up 5.83% compared to that of 2021.

Last year, each cooperatives got an average profit of 260 million VND, 4% higher than that of 2021.

Cooperatives members and workers got an average yearly income of 54 million VND, 8.17% higher than that of 2021.

Tran An Dinh, chairman of the provincial Cooperatives Alliance, said that from the beginning of last year, the alliance proposed the provincial People’s Committee mechanism, policies, and measures to support collective economic organisations, and cooperatives in production recovery.

Many local cooperatives shifted from producing and consuming products to providing services for their members' production and daily activities, he said.

The alliance also carried out trade promotion activities in Hanoi, Lao Cai city, central and Central Highland provinces as well as those taking place in the southern region.

Co-operatives and cooperative groups in the province signed contracts with partners across the country on the production and consumption of products.

In 2021, the COVID-19 pandemic forced many transport, trade, and tourism cooperatives to suspend their operation. However, in 2022, cooperatives operating in these two fields made breakthroughs and recovered quickly.

Giang A La, Chairman and Director of Hang Kia Agricultural and Tourism Service Cooperative in Mai Chau district, said that to attract tourists last year, the cooperative invested in upgrading rooms and designed new tours for tourists to explore the forests, enjoy hovering clouds around mountains, experience farming activities, and learn about the culture of the Mong people.

Besides, the cooperative regularly posted images of nature and Hang Kia culture on social networks like Facebook or Zalo, La said, adding that his co-operative actively participated in trade promotion activities in the provinces and across the country. He said that last year saw a jump in the number of the co-operative's clients. Its rooms were booked fully on weekends and holidays./.

Rich and Flavorful Honey of Dao Village

Dao Village’s honey – a product certified with a 3-star OCOP (One Commune One Product) rating by Thong Nhat Agricultural Cooperative in Dao Village (Hoa Binh City) – is highly regarded by consumers for its quality, richness, and variety in packaging. The distinctively sweet taste of Dao Village’s honey leaves a lasting impression on anyone who has tried it.

Lac Thuy district prioritises resources for industrial, handicraft development

In alignment with Project No. 07-DA/TU, issued by the Hoa Binh provincial Party Committee on November 1, 2021, Lac Thuy district has actively promoted investment and supported the sustainable development of its industrial and handicraft sectors during the 2021–2025 period. Alongside this, the district has remained committed to preserving and revitalising traditional craft villages.

Phu Thanh implements organic practices in tea production

Located in the northern part of Lac Thuy district, with a temperate climate and fertile soil, Phu Thanh commune has great potential and advantages in growing tea. The long-standing experience, combined with strict adherence to organic farming practices in the tea gardens, ensures that the dried tea products from Phu Thanh and Lac Thuy as a whole are sold out immediately upon production, providing a stable and prosperous life for the local people.

Hoa Binh works hard to accelerate progress of key projects

Amid efforts to streamline the administrative apparatus, Hoa Binh province has intensified measures to address challenges in land clearance, resettlement support, and infrastructure investment, aiming to speed up the progress of key projects.

Hoa Binh achieves record-breaking economic growth in Q1

Hoa Binh province has posted an unprecedented economic growth rate of 12.76% in the first quarter of 2025, marking its highest quarterly performance to date and positioning it as the second fastest-growing locality in the country, trailing only Bac Giang province.

Hoa Binh focuses on building strong OCOP brands for sustainable growth

Under current regulations, products in the One Commune – One Product (OCOP) programme that are rated three stars or higher must undergo re-evaluation every three months. However, in reality, some of these products fail to consistently meet the required standards, raising concerns about the sustainability of their OCOP certification. This underscores the urgent need for producers to enhance product quality and gradually develop their OCOP products into strong, marketable brands.