Bau Bang takes fruits in collective economy

According to a report by Bau Bang district’s Steering Board of Collective Economic Development, the whole district now has a total of 5 cooperatives with 53 members, initial investment capital of more than VND18bln and 10 cooperative groups with 135 members, initial investment capital of more than VND9.3bln.

The district is also home to 14 linking groups, 8 clubs with 264 members and 324 groups under the formula of mobilizing and managing sources of savings with 8,536 members. The district’s total revenue from collective economic models last year was very high. Particularly, agricultural production secured more than VND826mln; construction, VND6bln; services-transportation, more than VND1.2bln…

Reported by Hoang Pham-Translated by K.T