He made the statement on October 9 at a conference held to review 15 years of implementation of the Party Central Committee’s resolution on continuing to reform, develop and improve the effectiveness of the collective economy.

A member of Hop Giang Agricultural Cooperative inspects mushroom embryos.

2,520 cooperatives were set up in 2018, up 1,551 against the year 2013.

Cooperatives, particularly agricultural ones, focus on supporting household economies through providing services or jobs for members.

The scale, capital and operation of cooperatives have been expanded and many cooperatives have expanded across the commune and district.

A lot of cooperatives have committed leaders who apply science and technology into production.

The number of cooperatives who operate effectively accounted for 57 per cent agricultural ones and 50-83 percent among non-agricultural since the Law on Cooperative took effect, said Nguyen Van Doan, General Director of the Department of Cooperatives, under the Ministry of Planning and Investment.

He said the average turnover of a cooperative in 2018 reached nearly 4.5 billion VND (194,000 USD) per year, about 5.2 times compared to that of 2003. Average yearly income of a cooperative member also increased from 15.7 million VND in 2003 to 36.6 million VND, up 133 percent.

While applauding positive results in the implementation of the economic model, Thong said the development of cooperatives hadn’t met its full potential.

Many still face challenges with poor facilities and backward technology. The capacity and skills of management staff in the cooperatives are limited, making it difficult to meet the demand of production in the market economy, he said.

Doan said the Ministry of Planning and Investment and the Vietnam Cooperative Alliance would organise two events including 2019 Cooperative Forum to collect opinions of cooperatives and members on the current production, obstacles as well as experience in developing new models.

A conference will be also held to review 15 years of implementation of the Party Central Committee’s resolution on continuing to reform, develop and improve the effectiveness of the collective economy. It would focus on pinpoint obstacles to be removed and set forth solutions to be adopted in the coming time.

The two events will be organised on the same day (October 14).

Trung Thinh Agricultural Production and Service Cooperative granted with VietGAP certificate

(BGO) – The Hanoi based Global Certificate  Joint Stock Company (Globalcert) has issued VietGAP certificate to 12 households farming in over 3 hectares of vegetables (kohlrabi, cabbage) in Trung Thinh Agricultural Production and Service Cooperative in Trung Tam hamlet, Hop Thinh commune (Hiep Hoa district, Bac Giang province). 

Trade promotion fair for cooperatives opens in HCM City

A trade promotion fair for cooperatives nationwide kicked off in Ho Chi Minh City on April 17.

NA Chairwoman: RoK visit aims to boost strategic cooperative partnership

National Assembly Chairwoman Nguyen Thi Kim Ngan has said her visit to the Republic of Korea (RoK) aims to push forward the practical and effective development of the bilateral strategic cooperative partnership. 

Strengthening cooperative ties between Bac Giang province and Japanese partners

(BGO)- A working delegation of the Ministry of Foreign Affairs (MOFA) headed by Deputy Minister Vu Hong Nam, Ambassador of Vietnam to Japan for the period of 2018-2020, paid a working visit to Bac Giang province on 16 October about strengthening foreign affairs and developing cooperative ties between Bac Giang and Japanese partners. The delegation was welcomed by Duong Van Thai, Vice Chairman of the provincial People’s Committee (PPC) and leaders of some related agencies. 

Bac Giang boosts cooperative ties with Israeli partners

(BGO)- In recent years, Bac Giang province has established and expanded the cooperative ties with Israeli partners in many sectors and gained a number of positive results especially in the agricultural sector and human resource development.

Source: VNA