Creating a breakthrough for the collective economy

In 2023, although confronting numerous obstacles in climate, weather, and hurdles in the process of international economic integration, with the goal to continue to innovate and increase collective economic efficiency, the Resolution The provincial collective economic sector has undergone several beneficial developments as a result of the Central Executive Committee and the action plan submitted by the Provincial Party Standing Committee. Collective economic groups are increasingly strengthening, becoming more effective, adapting to market procedures, helping to construct new rural regions, and encouraging local socioeconomic development.

Dat To Agricultural and Trade Cooperative’s banh chung goods in Hung Viet commune, Cam Khe district, have solidified their position and brand in the provincial and international markets.

Determining the function and importance of the collective economy, the core of which is cooperatives (cooperatives), Party committees and authorities at all levels in the province have recently devoted particular attention to closely supervising the growth of the communal economy. Cooperatives, in particular, are founded on each community’s potential and capabilities. Every year, in addition to enacting specific plans and policies to promote and stimulate collective economic growth, cooperatives and the province collaborate to strengthen the investment and business climate and eliminate barriers to cooperatives. Policy tools to stimulate and assist the development of collective and cooperative economies are actively supplemented, finished, and united from the Central to the grassroots levels, opening up various prospects for collaboration and investment attraction; Key items like as tea, grapefruit, giant wood trees, and numerous agricultural products from the province with market advantages are exploited and developed.

Promoting the role and responsibility of members of the Provincial Collective Economic Development and Innovation Board, the Provincial Cooperative Alliance closely coordinates with departments and branches in implementing collective and cooperative economic development plans; continue to review and evaluate the impact of policies supporting the development of collective and cooperative economies that have been and are being implemented; Advise the Provincial Party Committee.

The Provincial Cooperative Alliance focuses on coordinating to consolidate and improve the operational efficiency and role of cooperatives; improving the capacity to manage and operate cooperatives; training, coaching, improving the capacity of cooperative management staff and supplementing knowledge and skills; deploying scientific and technical applications; and digital transformation applications for cooperative members to organize production and conduct effective business. The Provincial Cooperative Alliance, in particular, improves content innovation and operating techniques, mobilizes to recruit members, promotes the role of bridge, and leads to support the common economy and long-term growth of cooperatives.

Manh Lien Clean Fruit and Vegetable Cooperative, Huong Non commune, Tam Nong district, is a pioneer in introducing modern technology to production, providing members with a consistent income.

Cooperatives promote internal strength, strengthen management capacity, innovate methods of production, business, and service provision, and create a chain link model between members, cooperatives, and cooperatives associated with product development and local key products, with a focus on expanding membership scale, increasing charter capital, improving competitiveness, and operational efficiency.

To far, the entire province has 572 cooperatives in existence, with about 110 thousand members. Create regular jobs for about 5,300 people with an average monthly salary of 4.5 million VND (the highest income is in the People’s Credit Fund sector, at 12.5 million VND per person). Production and commercial operations are consistent, and the average revenue of a cooperative is estimated at 3.3 billion VND per year, which is 102% of the 2023 target. A cooperative’s average profit is about 220 million VND per year, accounting for 101.8% of the 2023 target and a 10.5% rise over 2022.

Promoting the use of digital platforms, the goods of Hung Lo Rice Noodle Cooperative, Hung Lo commune, Viet Tri city, are well recognized, and production volume is expanding to satisfy market demand.

Highlights compared to past years, many cooperatives have grown production with a concentrated size and area, constructed successful operating models, underlining cooperatives' role in reshaping the agricultural sector. Active participation in the province’s One Commune One Product (OCOP) Program boosted the value of items made from OCOP products by 10-15%. Cooperatives have developed linkages between cooperative members, links between cooperatives and cooperatives, and cooperatives with companies, producing a harmonic connection of economic advantages, helping one another in organizing production and business product consumption.

According to comrade Mr. Nguyen Quoc Dung, Chairman of the Provincial Cooperative Alliance, to achieve the goal that by 2025 the whole province will have over 720 cooperatives, more than 1,550 cooperative groups, of which 60% of cooperatives operate effectively, the Provincial Cooperative Alliance will continue to promote propaganda and extensive training on market economy from provincial to grassroots level; promote the role of “bridge” between the market economy and cooper Effectively deploy consulting and support cooperatives in building production, business, cooperative management, financial accounting, and electronic tax declaration plans; assist cooperatives in accessing preferential credit sources; Promote consulting and support for cooperatives to link production, apply technical processes, create commodity products, perfect product designs and packaging, and trace product origins; advertise and promote trade participation in the OCOP Programme to enhance value, build product brands, and increase revenue, profits, and real income for producers. At the same time, create a chain connection model between members, cooperatives, and cooperatives involved in creating local essential items...

Thanh Nga