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Cooperative alliance works to increase profit-making members
The Vietnam Cooperative Alliance (VCA) plans to increase the number of cooperatives making profits to 45 percent from the current 42.5 percent by the year’s end.
Introducing the second half plan in Ho Chi Minh City on July 18, the VCA said almost all of the profit-making coops are involved in multi-dimensional business.
The VCA also said it plans to establish 400 more cooperatives by the end of the year.
There are 17,900 cooperatives operating in the country, including 8,553 agricultural coops, 2,996 coops involved in industry, handicraft making and construction, and 1,085 transport coops.
In the plan, VCA will host the 8th meeting of International Cooperative Alliance-Asia-Pacific (ICA-AP) Regional Assembly, a trade fair for cooperatives and small-sized businesses and a conference of 100 outstanding cooperatives in Hanoi.
VNA
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