The Steering Committee for Cooperative Economic Development of Hoa Binh province organised a conference on January 10 to review its operation in 2023 and launch orientations and tasks for 2024. The event was chaired by Vice Chairman of the provincial People’s Committee Dinh Cong Su.
Vice Chairman of the provincial People’s Committee Dinh Cong Su speaks at the
conference.
In 2023, the Steering Committee for Cooperative Economic Development strictly
maintained operations in accordance with working regulations. Communications
work was enhanced to raise public awareness of cooperative economic
development.
Training courses were organised to improve the quality of human resources for
cooperatives. As many as 31 cooperatives got loans totaling 16 billion VND
(over 653,000 USD) from the province’s cooperative development support fund.
Up to 70 new cooperatives were established in the year, 75% higher than the set
plan, lifting the total to 758. The average revenue and profit of a cooperative
are estimated at 1.52 billion VND and 164 million VND, respectively.
At the conference, the committee’s members focused their discussion on issues
related to production land, cooperative headquarters, criteria for establishing
new cooperatives every year, capital sources, and developing sustainable raw
material areas.
In 2024, the committee will strengthen its leadership and direction for
collective economic development and provide consultation to the provincial
People's Committee to implement the 2023 Law on Cooperatives and policies on
developing collective economy and cooperatives.
Average revenue of each cooperative and income of regular labourers in
cooperatives are expected to increase by 7% and 4%, respectively. At least 20
cooperative models are hoped to be recognised as typical models in the year.
Speaking at the conference, Vice Chairman of the provincial People’s Committee
Dinh Cong Su called on sectors and the committee’s units to strengthen
leadership and direction for cooperative economic development, thus
contributing to promoting the province’s socio-economic development.
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.
