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Today of July 1st, Binh Duong Federation of Cooperatives organizes its 4th term Congress to follow objectives of collective fast-growing and sustainable economic models, attracting participation of 80% of farmers, increasing quantity growth of 5-12% a year, endeavoring to 50,000 membership by 2015, and building up multi-industry business with 60% of good cooperative business and 30% of fast-growing and sustainable cooperatives.

Cooperatives are the core of high revenue and profits, contributing to province’s budget and creating jobs in the construction and development course of the province.

In the past 5 years, collective economy in Binh Duong has proved to be active and effective. Yearly, over 95% of cooperatives pay their tax while offering average income of VND 2-2.5 million a month per employee.

Reported by Thanh Hong – Translated by Vi Bao