Hanoi cooperatives expect breakthrough in 2024

With the efforts of cooperatives and support from relevant agencies, the city's collective economic sector is expected to make significant progress in 2024.

Taking advantage of the "Ba Vi Hill Chicken" brand, Ngo Trong Hien, a member of the cooperative in Thuy An Commune, Ba Vi District, specializing in breeding and marketing Ba Vi Hill Chicken, established a production-consumption supply chain in cooperation with local households.

Covering an area of about 40,000 square meters, their breeding facilities are equipped with cooling systems, automatic water supply, and egg incubators with a capacity of 40,000 eggs, bringing in an annual revenue of VND15-16 billion (US$608,707-649,162).

"To enhance the flavor of the chicken meat, in addition to allowing them to roam in a natural environment, we feed them a mixture of corn, dried soybeans, rice bran and bio-based additives," Hien told the hanoimoi newspaper.

Nguyen Van Tai, director of the Ba Vi Hill Chicken Breeding and Commercialization Cooperative, said that before, although they had a branded and certified hygienic and food-safe chicken and egg products, their prices remained low.

However, thanks to technology investments and the construction of closed-loop farming facilities, Ba Vi Hill Chicken branded products have seen increasing demand, he added.

The cooperative sells to various distributors, including MM Mega Market, Lanchi Mart, Winmart, Lotte Mart, and works with the Bac Tom supermarket chain and Pao Quan restaurants. Tai hopes that by 2024, consumption through these supply chains will increase significantly.

Nurturing seedlings at Thanh Ha Agricultural Production and Service Cooperative, Thuong Tin District. Photo: Lam Nguyen/ The Hanoi Times

For 2024, the director of Chuc Son Clean Vegetable Cooperative in Chuc Son Town, Chuong My District, Hoang Van Tham, said that they will continue to expand the growing area under cultivation and recruit more new members. 

He added that the cooperative will also develop modern infrastructure, including greenhouses and processing facilities, apply scientific approaches, and help farmers adopt high technology and move toward 4.0 models of agriculture.

Tham said the cooperative will focus on strengthening communication to support consumers.

Supportive policies

Since the beginning of the year, cooperatives in Hanoi have been actively organizing production and consumption, expanding production scale, and expecting to make breakthroughs in 2024, increasing sales, profitability, and creating more jobs.

According to the Hanoi Cooperative Alliance, the city currently has 2,538 cooperatives and people's credit funds, with cooperative income exceeding VND2 billion ($81,145) per year and providing employment for over 600,000 people.

In the past, support for cooperatives has not been allocated separately from the national budget, but has been integrated into various programs, resulting in resource constraints, according to the Alliance. Policies related to land, credit and infrastructure support have been less favorable, and access to credit remains a challenge.

Do Manh Hung, Chairman of the Ba Vi District People's Committee, believed that in 2024, with the implementation of the amended Land Law, the Cooperative Law and the relaxed credit policy, the collective economy sector in the capital area will experience new development.

"Cooperatives investing in high-tech agriculture and ecotourism cooperatives will have a clearer legal framework for better organized production and more systematic construction of support facilities," he emphasized.

Nguyen Tien Phong, Vice Chairman of the Hanoi Cooperative Alliance, said that in 2024, the Alliance will continue to promote the dissemination of the Cooperative Law and Resolution No. 20 on Renewing, Developing and Improving the Efficiency of the Collective Economy in the New Phase.

He added that the Alliance will also continue to disseminate and replicate effective cooperation models, diversify appropriate forms of communication for different audiences, and apply technology to green processing and production.

The Alliance will prioritize funds to support disbursement, promote trade, and connect supply and demand to boost the collective economy, with funding from central and local budgets.

"We will also continue to advise the city government on policies and propose specific solutions to develop cooperatives and leverage the potential of the collective economy and the advantages of the capital," Phong emphasized.