Conference to review the collective economic situation in the first 6 months of 2025

BTO-On the afternoon of June 11, the Provincial Cooperative Union held a conference to review the collective economic situation in the first 6 months of 2025. Attending the conference were Ms. Tran Thi Thanh Huong - Vice President of the Vietnam Fatherland Front of the province, Ms. Nguyen Thi Thu Thao - President of the Provincial Cooperative Union; Leaders who are members of the Steering Committee for Collective Economic Development in the province; Standing representatives of the Steering Committee for Collective Economic Development of districts, towns, cities and more than 100 delegates who are leaders of cooperatives and People's Credit Funds in the province.

Báo Bình Thuận•11/06/2025

At the conference, Mr. Phan Dinh Khiem - Vice Chairman of the Provincial Cooperative Union reported briefly on the development of collective economy and cooperatives in the first 6 months of the year. Accordingly, the development of collective economy and cooperatives in the province has gradually stabilized and has a more positive development trend. Many cooperatives have innovated in management and operation; redefined more suitable and dynamic production and business directions; the internal capacity of cooperatives has also gradually improved, creating jobs and income for members and workers.

To date, the province has 3,255 Cooperative Groups (CGs), an increase of 1.4% over the same period in 2023; 226 cooperatives, an increase of 4.6% over the same period in 2023. Of which, 195 cooperatives are operating, 31 cooperatives have stopped or temporarily stopped operating, with a total operating capital of more than 4,100 billion VND. Revenue in the first 6 months of 2025 is estimated at 145.2 billion VND; profit of 20.5 billion VND, an increase of 0.4% over the same period; total number of cooperative members is 50,535 members.

Ms. Nguyen Thi Thu Thao - Chairwoman of the Provincial Cooperative Union chaired the conference.

In general, the activities of cooperatives have contributed to the economy , gradually promoting the integration process and strengthening the linkage to create production, processing and consumption chains, contributing to increasing the value of local products. In addition, cooperatives also contribute to promoting local culture, cuisine and tourism through experiential activities, visiting production facilities and enjoying typical products of the province...

Representatives of cooperatives and People's Credit Funds gave their opinions at the conference.

However, currently, cooperatives in the province have weak internal capacity. Some cooperatives do not operate in accordance with the Law on Cooperatives, remaining in form. The number of cooperatives producing according to value chains and applying high technology is not much. The formation of production - processing - consumption - export linkage chains is still modest...

At the conference, delegates discussed and analyzed the results achieved, the limitations and proposed key tasks for the development of collective economy and cooperatives in the last 6 months of 2025. Accordingly, members of the Steering Committee need to continue to pay attention to promoting propaganda work on the position and role of collective economy and cooperatives in the economy, in order to raise awareness so that everyone understands the Law on Cooperatives, the nature of the new cooperative model; the benefits of participating in cooperatives in the development of agriculture , rural areas and farmers.

Cooperatives have strengthened their linkages to create chains of production, processing and product consumption.

Specialized agencies need to strengthen training and human resource development in various forms for cooperatives. Continue to research and organize conferences and seminars on solutions to improve the efficiency of cooperatives in the province. Dissolve and convert cooperatives that exist in form, stop operating, or operate in a way that is not true to the nature of new-style cooperatives. At the same time, cooperatives must proactively improve operational efficiency, innovate management methods, and attract young staff to work. Proactively mobilize local resources to invest in production and business, gradually transform digitally in management and operation; proactively seek markets to solve product output, provide good services to members...

Individuals awarded the "For the Development of Cooperatives" medal in 2024.

On this occasion, the Provincial Cooperative Union commended 45 collectives "Having made many contributions to the cause of building and developing the collective economy and cooperatives in the period of 2020 - 2025"; awarded commemorative medals to individuals "For the development of cooperatives" in 2024. In particular, Ham Chinh People's Credit Fund (Ham Thuan Bac) was honored to be one of 28 typical collectives in the emulation movement of clusters and emulation blocks to receive a Certificate of Merit from the Executive Committee of the Vietnam Cooperative Union, for their excellent achievements in completing their tasks in 2024.