Yen Bai records 331 new cooperatives, cooperative groups in first half

Economy

Yen Bai records 331 new cooperatives, cooperative groups in first half

Sunday, July 31, 2022

Yen Bai saw 44 cooperatives and 287 cooperative groups registering for establishment within the first six months of 2022, pushing the province’s total to 610.

Currently, local cooperatives employ some 9,000 regular employees. The average monthly revenue of a cooperative is about 945 million VND (40,390 USD), with its worker earning 4.83 million VND a month on average.

With the new registrations, the total numbers of cooperative groups and their members in Yen Bai were brought to 5,930 and approximately 29,600, respectively. The groups recorded 17,790 regular workers, with the average monthly revenue of a unit hovering around 300 million VND.

Thanh Tan

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