HÀ NỘI - National Assembly (NA) Vice Chairman Uông Chu Lưu suggested the International Co-operative Alliance (ICA) continue supporting Việt Nam in improving its co-operatives' capacity, helping Vietnamese producers penetrate regional and international markets. He made the suggestion at a meeting on Thursday in Hà Nội with President of ICA-Asia Pacific (ICA-AP) Li Chunseng, who is visiting Việt Nam to attend the 10th Asia Pacific Co-operative Ministers' Conference. The host also called for more technical assistance from the alliance to Việt Nam to help the country to innovate and apply high technologies in agriculture. He stressed that the conference provided a chance for Việt Nam to learn from other countries in promoting the role of co-operatives in developing the economy. To facilitate co-operatives' development, the Vietnamese NA issued and amended the Law on Co-operatives three times and adopted a resolution on the development of new-style co-operatives to 2020, he said. … [Read more...] about ICA urged to support Việt Nam’s co-operative development
Operational development
Nhandan Newspaper – Deputy PM urges policies to accelerate co-operatives’ development
Addressing a January 18 meeting with the Vietnam Co-operative Alliance (VCA) and central ministries on the situation of the collective economy and outcomes of realisation of the Political Bureau’s Conclusion No. 56-KL/TW and the 2012 Co-operative Law, Deputy Prime Minister Hoang Trung Hai asked the VCA to review and outline plans for implementation of this model. The deputy PM emphasised the crucial role of the collective economy, the key force of which is the co-operatives model, noting that co-operatives’ activities, however, have seen few breakthroughs over the past years to create a momentum for such an important economic sector of the country’s socio-economic life as targeted. He stressed the need to work out specific measures to continue boosting development of the collective economy, making it a solid foundation for the national economy. Deputy PM Hai urged greater efforts to raise public awareness that developing the collective economy is a big policy of … [Read more...] about Nhandan Newspaper – Deputy PM urges policies to accelerate co-operatives’ development
HCM City, Quang Binh Province Boosting Co-operation Development
Recently, officials of Ho Chi Minh City and Quang Binh province held a working session to review a socio-economic development co-operation programme between the two localities in the 2004-2007 period. Over the past three years, the two localities have made great investment efforts in services, industry, education and health care. So far, four companies in Ho Chi Minh City have invested in the fields with a total capital of hundreds of billions of Vietnam dong. In the coming time, Ho Chi Minh City will concentrate on helping Quang Binh in planning, human resources development, and build a high quality medical centre. In particular, the city will provide priorities and even capital support for its enterprises to invest in Quang Binh. H.Hanh … [Read more...] about HCM City, Quang Binh Province Boosting Co-operation Development
Co-operative development needs solutions
(VEN) - The Ministry of Planning and Investment's Co-operative Department said reports from 42 of the 63 provinces and cities throughout Vietnam show that as of late 2011, there were 139,122 co-operatives registered with a total of 1.5 million members (an average of 11 members per co-operative) in these 42 provinces; each of the co-operatives earned average revenues of VND343.77 million while average income of each co-operative member came to VND12.06 million per year. But, according to the Vietnam Co-operative Alliance, there were actually 150,000 co-operatives in Vietnam in 2000; the number increased to 369,000 co-operatives in 2011, which provided four million jobs. Based on the above-mentioned data, Ministry of Planning and Investment's Co-operative Department Deputy Director Phung Quoc Chi said that 80 percent of all co-operatives had not been registered. Co-operatives vary in terms of scale, business lines and mode of organization. Most of them are involved in agriculture, … [Read more...] about Co-operative development needs solutions
Vietnam, Malaysia boost co-operative development
Vietnam and Malaysia will strengthen bilateral co-operation in developing the co-operative movement on an equal and mutually beneficial basis. To this effect, a memorandum of arrangement (MoA) was signed by representatives from the Vietnamese Ministry of Planning and Investment (MPI) and the Ministry of Domestic Trade, Co-operatives and Consumerism (MDTCC) of Malaysia in Kuala Lumpur on September 26. Under the MoA, the two countries will boost trade between their co-operatives through import-export activities or joint venture projects as well as expand markets for co-operatives' products and services. They will promote the exchange of information and experts, and organise training courses to improve the capacity of co-operative managers. The two sides have decided to set up a joint working group to realise the MoA. Speaking at the signing ceremony, MDTCC Minister Ismail Sabri Yaakob affirmed that co-operatives are one of the important sectors which greatly contribute to the … [Read more...] about Vietnam, Malaysia boost co-operative development