Vietnam Cooperative Alliance honoured for contributions to economy

10:45 | 21/01/2019 Society

The Vietnam Cooperative Alliance (VCA) was awarded the Labour Order, first class, for its contributions to economic development at a ceremony to mark the 25th anniversary of its foundation on January 19.

Deputy PM Vuong Dinh Hue presents awards to members of the VCA

Speaking at the event, Deputy PM Vuong Dinh Hue praised the VCA for the achievements that the organisation gained in 2018 and asked the VCA to continue advising the Party and State on policies to encourage the development of cooperatives.

According to VCA Chairman Nguyen Ngoc Bao, cooperatives are playing an active role in agricultural restructuring, rural modernisation and sustainable poverty reduction.

He added that cooperatives have become a bridge connecting enterprises to form value chains.

Vietnam currently has over 22,400 cooperatives, of which 13,700 operate in the agricultural field and 7,500 are non-agricultural cooperatives.

The VCA is a member of the International Co-operative Alliance, the World Association for Small and Medium Enterprises and has relations with 200 cooperative organisations of countries around the world.

Theo NDO