Cooperative economy promoted in Mekong Delta

A seminar was held in Can Tho city on July 15 to consider building new-style cooperatives in the Mekong Delta.

The event was co-organised by the Ministry of Planning and Investment (MPI) and the Southwestern Region Steering Committee (SRSC).

In his opening speech, MPI Deputy Minister Dang Huy Dong emphasised the significance of the project to develop the collective economy.

The aim is to promote the sustainable development of the collective economic sector in the region, especially agricultural cooperatives to help improve farmers’ economic, cultural and social lives, he said.

According to Dong, the Mekong Delta region has developed the individual economic model for years. However, the model has not yet proved its effectiveness and people’s living conditions are still low with unstable incomes. The failure of the model is due to lack of cooperation, management and guidance.

The cooperative model is designed to deal with the problems facing farmers. By joining cooperatives, they will be provided with low-cost input materials and technical support as well as assistance in selling their products in the most effective way, Dong said.

The initial step will see the formation of three cooperative models in rice cultivation, tra fish breeding and fruit growing, Dong added.

Duong Quoc Xuan, Deputy Head of the SRSC said there are more than 1,300 cooperatives and 45,000 agricultural and seafood cooperative groups in 13 Mekong Delta localities, accounting for 14 percent of the country’s total number.
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