Dau Tieng’s collective economy reaches positive changes

Update: 04-11-2019 | 10:16:57

Under a policy improving the effectiveness of collective economy, Dau Tieng district has strengthened activities on propagandizing and replicating the local outstanding collective economic models. As a result, this field has gained positive changes in developing new-style cooperative models.

Thanh Tuyen People’s Credit Fund is one of Dau Tieng district’s effective cooperative models. Over the past time, the fund well upheld its role, contributing to ensuring the local social welfare and new-style rural construction.

Long Tan milk cow cooperative

Nguyen Thi Huyen, CEO of Thanh Tuyen People’s Credit Fund said that the credit fund has so far absorbed nearly 3,000 members with total capital of nearly VND178billion. To uphold its role, the fund has boosted many loan programs at the demand of people, especially policy beneficiaries and poor households…It is providing 700 people with loans for economic development.

Possibly speaking, Thanh Tuyen People’s Credit Fund is a new-style cooperative model. It not only meets people’s demand for loans, but also creates stable jobs for the local people, limiting social evils and actively contributing to the local economic development.

Since early this year, the district has developed additional 4 cooperatives on agriculture and services. It is known that over the past time, the district implemented more support policies for cooperatives. Upon this, district-based cooperatives have worked stably, generating regular jobs for the local laborers with the average income of VND5million-VND7million per person per month.

The district’s agricultural sector now focuses on growing rubber, fruit and ornamental trees; breeding cows, chickens and pigs. So far, the whole district has had a total of 21 new-style rural cooperatives, mainly on agriculture. These cooperatives have worked under the local orientation at members’ demand. The district is also home to 10 cooperative groups on agriculture, small-sized production and business.

Along with Thanh Tuyen People’s Credit Fund, many other cooperatives in the district have worked very effectively. Long Tan milk cow cooperative is a typical example for this. Over the past nine months, the cooperative’s total revenue was more than VND3.8billion. Nguyen Van Khuong, Head of the cooperative said that the cooperative has till now absorbed the participation of numerous people. Many households have also changed to breeding milk cows when seeing the effective operation of the cooperative.

Or, Minh Hoa safe agricultural cooperative over the past nine months reached more than VND2.5billion in revenue. Tam Phat chicken cooperative also gained more than VND1.2billion in revenue, VND800million in profit…

According to the district’s Steering Board of Collective Economy, district-based collective economic models have well upheld its role as a bridge in receiving, guiding people to apply sci-tech advancements into production, realize models under the chain of value and production linkage; boosted the shift of plant and animal structure; supplied farmers with agricultural materials; promoted agricultural cooperatives under VietGAP standards…These models have upheld their effectiveness, bringing members a stable source of income.

Reported by Hong Nga-Translated by K.T

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Dau Tieng’s collective economy reaches positive changes

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