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Economics

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Effectiveness from cooperative group model

Cooperative model is an effective model for those who earn their living by farming doing. Hence, Thanh Tuyen commune in Dau Tieng district promoted the model over the past time.

Vo Van An, Vice-Chairman of Thanh Tuyen communal People’s Committee said that cooperative group is a form of collective economy voluntarily established by individuals for socio-economic development. Most cooperative groups in the commune focus on cultivation and animal husbandry. For members lacking capital for investment, they will be provided loans from the Support Funds for farmers at all levels…

Nguyen Van Ty and his mangosteen orchard in Thanh Tuyen commune

The whole commune is now home to 4 cooperative groups, including 3 cooperative groups on breeding cows and 1 cooperative group on growing mangosteens. Noticeably, the cooperative group on growing mangosteens is developed on 6.6 hectares from 9 households with VietGAP certificate and output estimated at 16.5 tons per year. Regarding animal husbandry, the cooperative group on breeding cows and buffaloes in Go Moi and Lam Vo hamlets includes 11 member households with 5-11 cows each. The average income of the cooperative group’s members is around VND100million per year.

Nguyen Van Ty, Head of Suoi Cat hamlet’s mangosteen cooperative group said that joining in the cooperative group is a right decision of farmers, which is in line with the economic development of households in the rural region. This also helps farmers have opportunities to share experience in production, get support in terms of loans, sci-tech advancements for better development. Currently, the income of his family as well as other members is higher than that of the previous periods. For farmers living in the poor rural region, the annual income of VND200million-VND300million is a joyful thing…

In fact, commune-based cooperative groups bring direct benefits to members, generate jobs for laborers and contribute to the local poverty reduction and hunger eradication. The commune has set loan documents for the establishment of 2 cooperative groups on breeding cows and is waiting for disbursement to work. In the coming time, the commune will further promote the cooperative group model, Mr.An added.

Reported by Tien Hanh-Translated by K.T

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