Local collective economy strongly changes in content and form

On May 9, provincial People’s Committee held a conference to review the 15-year implementation of the Resolution No.13-NQ/TW dated March 18, 2002 of the 9^th Party Central’s 5^th session on further renewing, developing and improving the efficiency of the collective economy.

The event was attended by Nguyen Hoang Thao, Permanent Vice-Secretary of provincial Party Committee; Mai Hung Dung, member of provincial Party Standing Committee, Permanent Vice-Chairman of provincial People’s Committee.

After 15 years of implementing the Resolution No.13-NQ/TW, the province’s collective economy has made strong changes in both content, form and obtained initial results, actively contributing to the local socio-economic development.

The whole province is now home to 139 cooperative groups with 1.423 members and total capital of VND78,2billion; 159 cooperatives, People’s Credit Funds with 55,494 members and charter capital of more than VND770.7billion. So far, 100% of province-based cooperatives have worked under the Cooperative Law in 2012. Most of them have taken fruits in production-business; well fulfilled their tax obligation…

Speaking at the conference, Mr.Thao spoke highly of achievements done by the local collective economy after 15 years of realizing the Resolution No.13-NQ/TW. He also asked for provincial Cooperative Alliance to fulfill a report based on contributive ideas by participating delegates and submit it into provincial Steering Board of Collective Economic Improvement and Development; develop cooperatives in association with value chains, support cooperatives in trade promotion and market expansion; strengthen State administration over collective economy; strengthen the apparatus of provincial Steering Board of Collective Economic Improvement and Development and its branches.

Reported by Thoai Phuong-Translated by K.T

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