Bau Bang’s collective economy develops stably

In the first quarter of 2022, Bau Bang district’s management of collective economy was consolidated and operated more effectively, according to the district district’s Steering Committee for Development of Collective Economy. The district also paid more attention to giving training for staff of the local cooperatives and cooperative groups.

It is known that district-based cooperatives have operated under the Law on Cooperatives 2012. Up to now, the district has had 6 cooperative groups with 57 members, investment capital of nearly VND3billion; 12 cooperatives with 88 members, investment capital of nearly VND45 billion. The district’s collective economic development contributed to upholding ideas, effectively using the local land fund, creating jobs, improving people's living standards and contributing to the local new-style rural construction.

Reported by Anh Nhi-Translated by Kim Tin