Effectiveness of cooperative economy improved

Despite the impacts from Covid-19 pandemic, TDM city in July had additional 2 newly-established cooperatives.

The city is now home to 47 cooperatives on agriculture, services, environment, trade, transportation, home industrial and industrial manufacture, people’s credit fund. Under the Cooperative Law 2012, city-based cooperatives have improved their management, boosted coherence for better development.

However, the city’s collective economic sector has still faced a number of obstacles pertaining to growth, management…for change. The city has so far had 6 cooperatives with ineffective operation and they are making procedures for dissolving voluntarily.

Reported by Thanh Hong-Translated by K.T