What is a cooperative?

Cooperatives are people-centred enterprises owned, controlled and run by and for their members to realise their common economic, social, and cultural needs and aspirations.

Cooperatives bring people together in a democratic and equal way. Whether the members are the customers, employees, users or residents, cooperatives are democratically managed by the 'one member, one vote' rule. Members share equal voting rights regardless of the amount of capital they put into the enterprise. 

As businesses driven by values, not just profit, cooperatives share internationally agreed principles and act together to build a better world through cooperation. Putting fairness, equality and social justice at the heart of the enterprise, cooperatives around the world are allowing people to work together to create sustainable enterprises that generate long-term jobs and prosperity. 

Cooperatives allow people to take control of their economic future and, because they are not owned by shareholders, the economic and social benefits of their activity stay in the communities where they are established. Profits generated are either reinvested in the enterprise or returned to the members. 

The cooperative movement is far for being a marginal phenomenon, at least 12% of humanity is a cooperator of any of the 3 million cooperatives on earth.

Following by www.ica.coop


Vietnam Cooperative Alliance

Address: Duong Dinh Nghe, Yen Hoa, Cau Giay, Hanoi.

Tel: 080 49711

Fax: (84-4) 8431683 / Email:

Responsible for content: Mr Nguyen Manh Cuong - Vice President of Vietnam Cooperative Alliance

Tel: 080 49251

License number: 176/GP-TTDT December 23, 2015 of broadcasting and Center for training in Communications information.

Specify source: "vca.org.vn" When releasing information from this page.

Copyright 2013 vca.org.vn - Technology Supported by ECPVietnam