The State needs to provide support to cooperatives, without interfering too much in their operations, German experts argued at a seminar on developing the collective economic sector in the Mekong Delta province of Tien Giang on April 3-4.

Andreas Kappes, General Director in charge of international cooperation programmes at the German Cooperative and Raiffeisen Confederation (DGRV), also emphasised that competent managers and a professional business administration are key factors ensuring cooperatives’ success.

Participants shared views on the role of cooperatives in a market economy and the weaknesses of the cooperative sector in Vietnam.

Over the past 10 years, the DGRV has assisted Tien Giang province in developing cooperatives by offering advice and sharing experiences in their organisation and business activities. It also sent experts to the province to train local cooperative managers in business administration.

According to Nguyen Van Hong, Chairman of the Cooperative Alliance in Tien Giang, the province is home to 102 cooperatives and 1,433 informal cooperative groups, with more than 50,000 members and total assets of over 1.9 trillion VND (around 91 million USD).-VNA