At the opening session of the 2nd Asia-Pacific Cooperative Registrars’ Forum in Ho Chi Minh City on April 17 (Photo: VNA) HCM City (VNA) – Deputy Prime Minister Vuong Dinh Hue called on cooperativesin the Asia-Pacific region to boost cooperation and connect markets to promote sustainabledevelopment of the cooperative sector.
Attending the opening session of the 2nd Asia-Pacific CooperativeRegistrars’ Forum in Ho Chi Minh City on April 17, Deputy PM Hue said that itis important for domestic cooperatives to form a complete value chain ratherthan just providing materials for agricultural sector.
As Vietnamese cooperatives are facing difficulties in switching to the newoperation models due to legal challenges, including procedures to establish abusiness under a cooperative, and a lack of clear criteria for auditing,Vietnam should learn experience from regional countries to assure thatcooperatives will contribute to the fast and sustainable development of theeconomy in tandem with agricultural shake-up and the building of new-stylerural areas, he stressed.
Meanwhile, Chairman of theInternational Cooperative Alliance-Asia Pacific Li Chungsheng highlighted thatan environment with effective legal framework will benefit cooperatives in thecontext of global economic integration towards the sustainable development ofcooperatives.
According to President of the Vietnam Cooperative Alliance Nguyen Ngoc Bao, theforum, themed “Creating an EnablingLegal Framework and Policies to Promote the Sustainable Development of Cooperativesin the 21st Century,” looked to deliberate on development trends and theirimpacts on cooperatives in the 21st century, identify legal issuesinfluencing cooperatives in realising sustainable development goals.
Besides, the event created opportunities for Vietnamese policymakers anddomestic and foreign experts to exchange experience in the creation of anenabling environment for the cooperative eco-system.
Relevant organisations would give out initiatives, recommendations, actionplans and specific road map for cooperatives in the Asia-Pacific in the timeahead, he added.
During the two-day forum, the Vietnam Cooperative Alliance signedcooperation deals with several ministries, sectors, corporations, commercialbanks and education establishments to mobilise resouces for the development of thecooperative sector.-VNA
VNA
