Can Tho enhances collective economy

Tuesday, Mar 13, 2018 08:45

Can Tho Co-operative Alliance aims to further enhance the development of co-operatives as well as the city’s collective economy in both scale and quality this year. — Photo

Can Tho Co-operative Alliance aims to further enhance the development of co-operatives as well as the city’s collective economy in both scale and quality this year.

Specifically, it plans to establish at least 100 new co-operative groups and 35 co-operatives, unions of co-operatives and form at least 15 co-operative models that have sustainable value chains.

It also aims to raise the number of co-operative members by at least 10 per cent compared to last year, the ratio of co-operatives that have high operation efficiency by 50 per cent and increase the charter capital of the Co-operative Assistance Fund to reach at least VND20 billion (US$879,000).

To achieve the above objectives, the Can Tho Co-operative Alliance will coordinate with the People’s Committee of the city’s districts and the relevant agencies to reform propaganda of the Government’s policies on promoting the development of co-operatives and intensify communication about developing new-style co-operatives that link with value chain.

In addition, the alliance will coordinate with the Department of Agriculture and Rural Development to review difficulties faced by co-operatives to help them solve difficulties.

Organising training courses to improve management capacity for co-operative leaders, training for local officials on collective economic knowledge, strengthening solutions to mobilise capital for agricultural cooperative production and trading, and expanding the linkage in production and consumption of farm produce through promoting linkage among co-operatives, co-operative groups and businesses, are among its other focuses for this year.

It also advocates the development of diversified forms of co-operative groups, and creating conditions to boost the development of unions of co-operatives in localities and inter-regions, with a focus in agricultural and rural areas.

At the same time, it will concentrate on raising its capacity in support, consultancy and supply services to meet co-operative demand as well as improve services providing capacity in terms of technology, governance and trade promotion for co-operatives

It proposed that the Co-operative Assistance Fund renew its operations to increase the capacity to mobilise more resources so as to offer more loans to co-operatives.

The alliance will co-operate with the city’s Department of Planning and Investment and other relevant agencies to promote external activities in the direction of actively expanding international co-operation; seeking and calling for international investment in serving the development of co-operatives and the cooperative economy.

In addition, it will build and implement a scheme to improve professional skills and foreign languages for staff members in charge of external affair jobs.

Nguyen Duc Phuong, chairman of the Can Tho Co-operative Alliance, said the city now has 223 co-operatives and 1,349 co-operative groups operating in the fields of agriculture, handicrafts, transportation and construction, commercial services and credit funds.

Many co-operatives specialising in rice seed production and pangasius farming for export have achieved high revenue and profits, contributing to an increase of income for members. Last year, the city had 35 new co-operatives, up 46.5 per cent over 2016, with agricultural cooperatives accounting for 51 per cent.

Many co-operatives have enhanced linkage between production and consumption, resulting in higher economic efficiency, he said. — VNS

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