In recent years, the movement of young people starting up their own businesses in Dinh Hoa district has been growing. Many young people have successfully started their own businesses with highly effective economic models. Along with that are the timely support mechanisms and policies of the province and the locality that have empowered young people on their entrepreneurial journey.
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| The model of processing household appliances by Mr. Duong Van Hoang, in Thanh Vuong hamlet, Binh Thanh commune (Dinh Hoa) earns about 50 million VND/month. |
Mr. Ly Trung Hien, from Na Lom hamlet, Phuc Chu commune, is one of the young people who dared to start a business and have an initial model that brings high efficiency. His model of growing super-sweet watermelons and pears combined with growing peas on an area of 3.600m² gives him an income of nearly 200 million VND per year.
Hien shared: In 2020, when I was struggling to find capital to start a business, I was loaned 100 million VND by the Bank for Social Policies under the Employment Loan Program. Thanks to the rational and effective use of capital, I quickly recovered the capital I spent and started earning interest in the second year of starting my business. Besides capital support, I and many other young people were also organized by the district's functional departments to visit the economic model; encourage, guide farming techniques…
Also starting a business at a very young age, Mr. Duong Van Hoang, born in 1998, in Thanh Vuong hamlet, Binh Thanh commune, chose to open a home appliance processing facility. The main products of the establishment include: curtains, sheets, folding hammocks, folding beds...
Thanks to a loan of 50 million VND from the Bank for Social Policies, along with the accumulated money of his family, Mr. Hoang built a factory of about 300m² and purchased equipment and sewing machines for the processing.
Mr. Hoang said: The capital of 50 million dong is very significant, especially for young people starting a business like me. Currently, every month, my family's processing facility supplies over 100 products to the market, earning an average profit of about 50 million VND/month; create jobs for more than 20 employees with income from 5-8 million VND/person/month. The establishment has been operating stably, however, to expand the scale requires a large amount of capital, I look forward to accessing more preferential capital.
In Dinh Hoa district, there are more than 20 highly effective economic models owned by young people. Some models can be mentioned such as: Growing safe vegetables and fruits of Mr. Hoang Dinh Lap (Phuong Tien commune); tea production and trading by Mr. Luu Viet Long (Boc Nhieu commune); Goat raising of Mr. Tran Van Luong (Diem Mac commune)…
However, the assessment shows that the number of startup models of young people is still small, mainly having a family economy, which has not created many jobs and income for local workers.
In fact, at present, the majority of local young people of working age choose to work in industrial zones. As for young people who are determined to start a business locally, the biggest problem they face is lack of capital, choosing a startup industry is not really suitable.
Currently, the support for young people's capital for start-ups and economic development is mainly from the Bank for Social Policies. By the end of May, the total loan amount entrusted through the Youth Union in 5 communes and towns reached VND 23 billion, with more than 171,1 households having outstanding loans. This capital source has not met the needs of young people to start up and expand production and business.
From this fact, every year, Dinh Hoa District People's Committee and communes and towns in the area organize dialogue sessions with young people to listen to their thoughts and aspirations and find solutions to overcome difficulties. … Along with that, every year, Dinh Hoa District Youth Union cooperates with functional units and branches to organize dozens of training sessions on knowledge of cultivation, husbandry and consulting, information support, knowledge and skills. entrepreneurship for young people. Thereby encouraging young people to help each other establish a business, associate in production and business ...
