Vietnam Cooperatives Alliance to hold fifth congress

The event is expected to attract 863 delegates, including 546 representing more than 20,000 cooperatives, 43 cooperatives alliances and VCA chapters nationwide. 

The congress is scheduled to review the VCA’s operations for the 2010-2015 tenure, and lay out orientations and tasks for 2016-2020. 

All communes are striving to form cooperatives by 2020, including 100-150 cooperative alliances, and nearly 250,000 working groups. 

By late 2017, all 63 cities and provinces nationwide are targeting to establish cooperatives development funds – each with a registered capital of VND20-100 billion, and increasing that number to 300 public credit funds. 

In order to achieve the above goals, the VCA will strengthen ties with its chapters nationwide and implement a project on building new-model cooperatives with product value chains, toward creating stable jobs for about 30 million workers. 

There will also be a second contest to raise awareness of new-model cooperatives, Cu said the organising board encourages entries which feature cooperatives with product value chains.