Vietnam Time

6/6/2018 4:06:58 PM

HCM City cooperatives seek expansion abroad

With strong support from authorities, cooperatives in Ho Chi Minh City have developed strongly and are making efforts to expand their trade on agricultural products even into international markets.

When it was established in 2011, Phu Loc Agriculture – Trade – Services Cooperative had only 12 members growing vegetables and capital of VND 600 million (USD 26,300). 

By 2016 the capital had increased 10-fold to VND 6 billion (USD 263,000), with the cooperative attributing it to members’ efforts to save.

To sustain production, the cooperative has developed five farming areas in Cu Chi and Binh Chanh districts of HCM City and in the provinces of Lam Dong, Tien Giang and Long An.

Photo for illustration

It has also invested in two processing plants in the two districts with modern technologies and meeting food hygiene and safety standards.

In the last four years the cooperative has taken part in the city’s price-stabilization programs for consumer goods, selling 400 tons of products a month, rising to 450 tons during Lunar New year.

Its products, which meet VietGap quality standards, are sold at many markets in the city like Ben Thanh, Van Thanh and Thi Nghe and supplied to restaurants, kindergartens and canteens.

Now it has 176 producers who grow 68ha of vegetables.

Phuoc An Agriculture, Production and Trade Cooperative is another successful co-operative.

Starting with 15 members and capital of  VND 70 million (USD 3,100), it has grown to 62 members who farm 29ha and VND 1.8 billion (USD 79,000).

Every year it sells nearly 1,500 tons of vegetables and fruits, and last year earned revenues of VND 22.3 billion (USD 98,000).

The cooperative attributes the growth to close cooperation between members and its support for them.

It sells inputs to members at low prices after buying large quantities, enables them to obtain preferential loans, and helps them adopt advanced technologies.

The members have meanwhile actively looked for buyers and improved their management.

Towards export

With the city planning to develop a new model for the sector in 2018-20, many co-operatives have made all-out efforts to improve the quality of their products.

Along with stamping their products, Phu Loc Cooperative has studied to diversify their products.

Phu Loc Cooperative plans to supply 500kg of vegetable buds to the market. It is growing hydroponic vegetables on an area of 3,500sq.m.

To expand its business, especially abroad, it has set up an online shopping page at www.phulocagain.com.

It has invested in technology to develop new varieties of vegetables, and sent samples to Australia to test the quality, following which it plans to export to that country.

To support cooperatives, the HCM City administration has tasked the Department of Agriculture and Rural Development and the Cooperative Alliance with supplying them inputs like seeds and fertilizers and helping them sell their products.

The co-operatives also get priority in the city’s agricultural development programs./.

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