Yen Bai province to provide over 44 billion VND for new-style cooperatives

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Yen Bai province to provide over 44 billion VND for new-style cooperatives

Thursday, January 19, 2023

Yen Bai province has five cooperatives that are chosen to participate in a project on selecting, completing and expanding effective new-style cooperative models in localities across the country for 2021 – 2025 period. They include Lung Lo, Que Khanh Thanh, Thai Son, Van Hoa and Thien An General Service Cooperatives.

Members of Que Khanh Thanh Cooperative produce cinnamon for export.

The province will provide support in terms of training human resources for Lung Lo and Que Khanh Thanh cooperatives as well as help young labourers work at Thai Son, Van Hoa, and Thien An General Service Cooperatives.

It will support Que Khanh Thanh and Thai Son Cooperatives to take part in fairs and trade promotion events held abroad.

The central and local cooperative development support funds also offered preferential loans for five cooperatives; supported the building of herbal honey as One Commune One Product (OCOP) programme products for Lung Lo Cooperative; assisted the establishment and maintenance of two art troupes; and invested in an establishment that introduces and sells the cooperative's OCOP products; and supported Lung Lo Cooperative in the construction of public toilets to serve tourists at its community-based tourism sites. The five cooperative have been assisted in infrastructure development and product processing.

The total funding for supporting pilot cooperatives in the province is expected to be over 44 billion VND (1.8 million USD). Of which, over 25.8 billion VND is for infrastructure development and product processing, 16 billion VND for preferential loans and over 2.2 billion VND for others.

YBO

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