New President of Vietnam Cooperative Alliance

Deputy Head of the Central Economic Commission Nguyen Ngoc Bao has just been elected to the position of Chairman of the Vietnam Cooperative Alliance, replacing Mr. Vu Kim Cu.

The 4th Executive Committee Conference of the Vietnam Cooperative Alliance on the afternoon of September 29, implemented Official Dispatch No. 4907-CV/VPTW on introducing personnel to elect the position of President of the Vietnam Cooperative Alliance and appointing to hold the position of Secretary of the Party Delegation of the Vietnam Cooperative Alliance for the 2016-2020 term and the opinion of the Secretariat unanimously introduced Mr. Nguyen Ngoc Bao, Deputy Head of the Central Economic Commission to be elected to the Executive Committee, Standing Committee and elected to hold the position of President of the Vietnam Cooperative Alliance.

Deputy Head of the Central Economic Commission Nguyen Ngoc Bao.

On behalf of the Politburo and the Secretariat, who directed this Conference, Head of the Central Economic Commission Nguyen Van Binh requested the new Chairman of the Cooperative Alliance Nguyen Ngoc Bao and the leadership of the Vietnam Cooperative Alliance to promote the spirit of solidarity, innovation, and creativity for the common development of the Cooperative Alliance.

Speaking at the Conference, Comrade Nguyen Van Binh, Politburo member, Secretary of the Party Central Committee, Head of the Central Economic Commission, emphasized that the development of the collective economy, with cooperatives as the core, plays an important role in the country's socio-economic development guidelines, policies and strategies. Despite difficulties, the operational efficiency of cooperatives is increasingly stable and tends to develop better. However, besides the positive results, the development of the collective economy, with cooperatives as the core, also has many limitations and shortcomings.

For his part, Mr. Nguyen Ngoc Bao expressed his determination to overcome all challenges and difficulties, to be dedicated, to actively grasp the situation closely, and to devote himself to the development of the Vietnam Cooperative Alliance and the cooperative economy.

Mr. Nguyen Ngoc Bao was Chairman of the Board of Members of the Bank for Agriculture and Rural Development (Agribank), Member of the Executive Committee of the Party Committee of the Central Enterprises Bloc, and Director of the Monetary Policy Department of the State Bank.

According to vneconomy