After 10 years of Resolution of Central Conference 5 (9th tenure)implement in terms of innovating, developing and improving collective economy’s efficiency, Binh Duong province achieved significant results and has continued to develop stably.   PPC Vice Chairman Mr. Tran Thanh Liem conferred credits on cooperative representatives having outstanding achievements at Summarizing conference of 10 years of Resolution Central Conference 5 (9th tenure) implementationConfirming the roleThe province directed implementation of Resolution No. 13 Central Conference (9th tenure) to foster development of provincial collective economy. The important thing was that officials, Party members and social strata improved awareness, self-reliance about guidelines, policies of implement and businesses of economic collectives. Cooperatives were consolidated, are able to be profitable; income and life of members are improved. The province currently has 1,352 cooperative groups with 27,650 members; 111 cooperatives with 48,408 members; total charter capital of VND595.45 bln, borrowed capital of VND234.232 bln. According to cooperative classification in 2012, BD province had 43.75% good cooperatives, 53.75% average ones and 2.5% weak ones. Total turnover of collective economic sector in 2012 achieved VND1,435 bln, annual average growth was 23.46%. Cooperatives operated well in fields of agriculture, transportation, trading, and service. Newly established cooperatives had medium or small scale but high capital compared to previous ones, involving subjects and operation were extended, nature and principles were seriously carried out.Collective economy has had great contributions to local socio-economic development. During last 10 years, cooperatives contributed thousands of work days and VND5 bln for electricity, rural traffic road system construction. Additionally, cooperatives, credit funds financed over VND5 bln for compassionate house construction, hunger eliminating and poverty reducing funds…Overcoming difficulties to developProvincial Cooperative Alliance Chairman Mr. Tran Van Luc said, despite many innovations in operation, collective economy has not attracted many labors yet. The sector still faces difficulties in accessing State’s preferential policies.Furthermore, propaganda is still restrained, development of diverse forms of collective economy is not effective. Internal strength of most cooperatives is pretty weak, small scale, poor facilities, out-of-date technologies, mainly craft production. In the coming time, these shortcomings need to be remedied in order for collective economy to continue to develop and contribute effectively to provincial general development. Deputy Secretary of Permanent Party Committee, Chairman of People’s Council Mr. Vu Minh Sang: Developing collective economy is one main, regular taskDeveloping collective economy is a major policy of the Party and State. Leaders need to define responsibilities in direction, implementation of Resolution, Action program, laws and regulations regarding collective economic development. This needs to be considered as a center, regular task, one strategy to develop economy, society, security, defense of the province. Since then, solutions, incentives should be devised to facilitate enhancement of collective units, overcome weaknesses, strengthen organization, improve managerial competence and competitive advantages.Head of Vietnam Cooperative Alliance – Southern branch Nguyen Xuan Hanh: Binh Duong has supported actively to develop collective economyAchievements of BD province within last 10 years were from good counseling of provincial Cooperative Alliance, close coordination between agencies, sectors, notably caring of provincial Party Committee, People’s Council, People’s Committee in terms of enacting of accommodative policies. In the future, provincial collective economy should overcome difficulties, promote obtained achievements.Head of Dong Hoa Cooperative (Di An town) Nguyen Huu Tam: Facilitating capital accessing of cooperatives Cooperatives expect support of easily capital accessing and need to be extended operation. Our cooperative was established long time ago but does not allow collecting industrial and hazardous waste. We also look forward to caring of the Party, local government in order to develop sustainably.Reported by Da Binh – Translated by Ngoc Huynh