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The whole province has 199 cooperatives and 127 cooperative groups

Update: 12-05-2021 | 15:02:08

The whole province has 199 cooperatives with 30,481 members, charter capital of VND831 billion 418 million; 127 cooperative groups, with 1,242 members, working capital of VND33 billion. The cooperative groups are mainly in fields of farming and animal husbandry.

In 2020, production and business activities of cooperatives and people's credit funds faced many difficulties due to the impact of COVID-19. Total revenue was estimated at VND1,423 billion, completing 85% target; 158 cooperatives and people's credit funds fulfilled tax obligation with total amount of over VND14 billion. The average income of a laborer is from VND6 - 6.5 million/month for cooperative and 14.5 million VND/month for people's credit fund.

Reported by Thoai Phuong - Translated by Ngoc Huynh

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