Establishment of Dong Nai Cooperative Development Support Fund
Posted Date: 04/07/2022
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