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Central highlands region develops cooperative economy

Cooperative economy model has boomed in the central highlands over the recent years, says the Tay Nguyen Region Steering Committee.
Cooperative economy model has boomed in the central highlands over therecent years, says the Tay Nguyen Region Steering Committee.

The cooperative model has made considerable contributions to the socioeconomic development in the region, changed minority people’s oldfarming habit and renovated rural agriculture, added the committee.

The cooperative economy model has been seen inagriculture, industry, handicraft, transport, services, construction,credit organisation and commerce areas. Cooperatives have been mainlyoperated in the rural areas of the region.

Individuals,ethnic families have invested capital or properties in cooperatives.They have operated, managed cooperatives by themselves.

Local authorities in the central highlands have offered financial,training and technology policies to support cooperatives in the region.

Provincial authorities in the central highlands have provided workingcapital, machinery, or land to help ethnic minority people develop theiragricultural cooperatives.

The central highlands regionhas currently attracted hundreds of thousands labourers working at itsthree cooperative alliances, 949 cooperatives and 10,513 collectiveunits.-VNA

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