HCM City promotes new farming cooperative modelHCM City is giving priority to developing a collective economic model particularly cooperatives over the current model of farmer households. With the current household-based production model, farmers have no capital to expand production or apply technology to post-harvesting and processing. SolutionsAmong the available farming models, the cooperative model is considered to be the most suitable. “Many countries have shown that the cooperative model can help farmers solve their limitations,” HCM City Party Secretary Nguyen Thien Nhan said at a recent workshop. The vice chairman of the city People’s Committee, Le Thanh Liem, said: “The cooperative model is a must for farming production under a market economy.”A recent survey found that after joining a cooperative, farmers saw their turnover increase 1.1 times and profit 1.35 times.

Source: VietNamNet News May 02, 2018 03:00 UTC