Despite challenges, Provincial Party Committee, People’s Committee, and collectives, development pace of collective economy in Binh Duong has been maintained The new creation, propaganda, and education of Law on Collectives 2012 have been effectively implemented in 2013. Toan Luc Steel Collective is operating in Tan Binh Commune of Tan Uyen District In 2013, only 14 collectives were established; however, 7 others were dissolved and 25 postponed.The causes were that those collectives failed to come up with business and production plans or without equity and effective operations.Up to date, the province has 118 collectives with 48,452 members of total charter capital of VND 648.546 billion. Of the mentioned collectives, 78 ones have been in stable operations.By classification, 43 collectives were rated good, 28 others average and 7 weak.Due to the effects of national economy, business of collective economy in Binh Duong Province has been in great challenges.Production, business, and service values reached VND 1,472 billion or 95% of year 2013’s plan. Average income per capital of members was at VND 3.5 to 4.5 million a month.Aside from production and business operations, the mentioned collectives have taken parts in charity drives to support the poor and disaster-hit victims.Aside from the mentioned collectives, 5,233 partnership groups resided with major activities in agriculture and job creation to contribute to economic development, poverty reduction and live hood elevation for members.However, the development of the partnership groups is spontaneous with loose tie and limited cooperation not qualified for stability and sustainability. Mr. Tran Van Luc, Chair of Binh Duong Provincial Collective Alliance informed that in 2013 the Alliance has concentrated on establishment of new collectives while resolving drawbacks in organization and operation of business and production combined with new and general business services.The collectives have mobilized all forces to diversify business lines and investment equity to innovate technologies, factories, and production in connection with other economic components in a bid to optimize proficiency of the collectives and elevate income of the members and laborers.Besides, from the beginning of the year, the Alliance has implemented plan to re-organize its operations with concentration on propaganda for Law on Collectives 2012 so as to timely discover drawbacks.Mr. Nguyen Huu Tam, Director of Collective for General Services and Environment of Dong Hoa Ward in Di An Town, said: “Thanks to timely care and guidance from the date of establishment, our collective has been in sustainable development. By promoting self governance and equality in work, we have established everlasting trust. For the time to come, we are hopeful that the steering board for innovation and development of collective economy should extend more care to the grassroots, especially to the newly established collectives for extension of support and guidance in continual development.”The basic causes barring collective economy in Binh Duong from development included effectiveness, high ratio of termination and postponement, limited equity, member benefits, and limited guiding documents for Law on Collectives 2013. Moreover, awareness of a part of sectional officers and localities was limited without recognition of the role and position of collective economy to extend moderate cares. Efforts of the collectives regarding funding, facilities, and management qualification were limited and without orientation in business and production.Some policies of the province have been taken care of; however, the competence and qualification of managing staffs for collectives were limited let alone the planning and lack of assets for backing loansThe mentioned drawbacks should be resolved to reach the specific targets in 2014 such as establishing 15 new collectives and maintaining growth of 5% and average income per capita of over VND 4.5 million a month.Reported by Da Binh – Translated by Vi Bao