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VietNamNews

Thanh Hoa to promote co-ops

Update: May, 16/2015 - 09:31
THANH HOA  (VNS) — Chairman of the Central Committee of the Viet Nam Fatherland Front, Nguyen Thien Nhan, praised recent efforts by the central province of Thanh Hoa to improve the effectiveness of local co-operatives.

However, he pushed for a thorough assessment on their operations in order to prepare for further development plans.

Nhan was speaking during a field trip to the province on Wednesday.

Athough provincial authorities last year issued a five-year co-operative development plan towards 2020, nearly 1,000 co-operatives were still facing problems.

Those co-operatives ran business in various sectors, including agriculture, industry, commerce and fisheries and transport services.

Small size and a lack of infrastructure resulted in the low effectiveness of most co-operatives in the province, representatives said at a meeting with Nhan.

Difficulties in borrowing loans from banks to expand operations was also another obstacle, said Hoang Kim Trung, chairman of the Trung Nghia Co-operative.

"Many co-operatives did not even have sufficient documents to borrow loans as required under the amended Law on Co-operatives 2012," he said.

Some farmers in the Huang Phong Co-operative said that they had to chip in in order to keep the services from collapsing due to the limited budget.

"We (co-operatives) suggest that the authorities allow banks to accept our current situation for easier loan processing," Trung said.

Nhan acknowledged the importance of the co-operative sector in the socio-eco growth of Thanh Hoa and asked the authorities for a better management at co-operatives to gain higher profits and raise farmers' incomes.

"The co-operatives should research the market, give farmers advices about which plants and animals to grow, and help make their products accessible to consumers," Nhan said. — VNS

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