Funds for cooperative development of VCA
Central Fund for cooperative development
The Fund for cooperative development has been operating since the end of 2007, with the legal capital of VND100 billion and operating capital of VND135 billion.
By the end of 2017, the Fund has provided loans to 107 projects of cooperatives in 35 provinces and cities to support cooperatives investing in technological innovation and product development, expanding the market, building new and typical cooperative models.
Local Funds for cooperative development
At present, there are 47 provincial funds for cooperative development, established in provinces and cities nationwide. The total legal capital is VND 471,050 million, the total operating capital is VND 1,528,000 billion.Now there are 16 provinces and cities, which have not yet established funds for cooperative development or have not yet received a capital source supporting to cooperatives.
Figure: Scale of operational capital resource
Source: Policy and Cooperative Development Department, VCA (2018)
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