Provincial association of collectives sums up its 4th tenure

Early December 31, Binh Duong Provincial Association of Collectives held its executive conference for the 8^th time in the 4^th tenure of 2010-2015.

The province currently has 344 cooperative groups with 5,744 members operating with over VND 34.2 billion. By today, the province has accumulated 116 collectives with 56,000 members with charter capital of over VND 640.8 billion. Regarding the operation in 2015, the collective economic development fund has offered loans of over VND 14 billion, adding up to the loan balance of over VND 25.6 billion.

In 2015, the association has coordinated with districts, towns, and Thu Dau Mot City to organize the review and check-up of operation of collectives in accordance with the planning. Of the association, 33 collectives have been under stable and effective operations, 5 collectives under perfunctory operations, and 4 collectives postponed.

On the occasion, the association has approved the awarding of merit certificates to 28 collectives and 123 individuals of excellent achievements in 2010-2015 tenure and requested provincial people’s committee to award emulation flag to people’s credit fund of An Thanh.

Reported by Quynh Nhien – Translated by Vi Bao