Early June 12, provincial People’s Committee held a conference to partially review the local implementation of the Law on Cooperative 2012. Attending the event were Tran Thanh Liem, Vice-Chairman of provincial People’s Committee; Tran Van Thay, Chairman of provincial Cooperative Alliance together with representatives of sectors, departments, localities and cooperatives in the province.
The Cooperative Law 2012 took effect from July 1, 2013. After five years of implementing the law, many cooperatives have step by step improved their operational effectiveness, contributing to promoting the local socio-economic development. As of late 2016, the whole province had a total of 85 cooperatives with more than 54,000 members and total chartered capital of more than VND586billion. The average revenue of each cooperative reaches more than VND12billion while the average revenue of each member is around VND60million per year.
At the conference, participating delegates made contributive ideas to the Cooperative Law 2012, the improvement of the quality of human resources and a number of issues on consumption market…
Addressing the conference, Mr.Liem spoke highly of achievements done by sectors and localities, especially the efforts by provincial Cooperative Alliance in realizing the Cooperative Law 2012. Provincial People’s Committee also reached unanimity on amending some contents of the Cooperative Law 2012. In the coming time, according to him, provincial Steering Board of Collective Economic Development needs to speed up dissemination of information about the Politburo’s conclusions, resolutions, the province’s directives and policies on improving the effectiveness of collective economy.
Reported by Quynh Nhien-Translated by K.T
