Cooperatives crucial to national economy

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Hanoi Times English - 31 month(s) ago 3 readings

The Hanoitimes - Vietnam’s cooperatives made up 16 percent of the country’s annual GDP in the 2000-2010 period while boosting the development of household economy and increasing the agricultural, forestry, and seafood output.

The Hanoitimes - Vietnam ’s cooperatives made up 16 percent of the country’s annual GDP in the 2000-2010 period while boosting the development of household economy and increasing the agricultural, forestry, and seafood output.

The information was released by Dao Xuan Can, President of the Vietnam Cooperative Alliance (VCA), at a meeting held in Hanoi to celebrate the first anniversary of Vietnam Cooperative Day and honour excellent cooperatives.

Cooperatives have effectively mobilized social resources to expand production, develop trades, and shift the economic structure in rural areas, Can said.

Meanwhile, Deputy Prime Minister Hoang Trung Hai said at the meeting that cooperatives have helped connect households of cooperative members, produce additional value, and professionalize or divide social labour.

He suggested the VCA and cooperatives Party resolutions o­n developing agriculture, farmers and rural areas.


Hai said the VCA should actively get involved in introducing the Party’s polices and the State’s laws o­n cooperatives and cooperative economy, and in strengthening the current cooperatives and preparing for new establishments.


Cooperatives should supply more services to their own members and create conditions for poor people to benefit from these organizations, Hai said.


According to the Deputy Prime Minister, more efforts should be put into building more effective, prestigious, and competitive cooperatives in the future

KTD

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