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Establishment of Dong Nai Cooperative Development Support Fund

On June 13, Mr. Vo Tan Duc, Vice Chairman of the Provincial People's Committee signed Decision No. 1543/QD-UBND on the establishment of the Dong Nai Cooperative Development Support Fund.


Accordingly, Dong Nai Cooperative Development Support Fund is an off-budget state financial fund operating in the model of a one-member limited liability company in which 100% of charter capital is held by the State with charter capital of VND150 billion. The fund's capital sources shall be arranged from sources for development investment of the province, mobilized from domestic organizations and individuals and other capital sources as prescribed by law. The Dong Nai Cooperative Development Support Fund is inherited and operates according to the goals and tasks of the former Dong Nai Cooperative Development Fund.

With the upgrade, and through the operation of the Fund, it is expected to continue to help the Cooperatives and Unions of Cooperatives in the province to develop, expand production and business activities, improve productivity, operational quality, contributing to economic restructuring, creating jobs, and increasing incomes for members and employees.

Phan Anh

 

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