Vice president urges co-ops to get more involved in manufacturing
2019-07-10 10:31:27 / Myanmar Agro Food Exhibition
A small brick manufacturing operation near Yangon. Photo - EPA
Vice President U Henry Van Thio has urged cooperatives to participate more in manufacturing as they are a major driving force in the nation’s development.
“I urge more involvement and participation by cooperative societies in agriculture, livestock and manufacturing,” he said at an event marking International Cooperative Day in Nay Pyi Taw on Saturday.
Cooperatives started in Myanmar in 1905 with a savings and loan association in Myinmu township, Sagaing Region, that focused mainly on loans. But they branched out during the term of the previous government to include agriculture support.
He urged the associations to support farmers with their services.
“Seed producing cooperatives and agricultural cooperatives are also urged to extend sales of farm implements to meet farmers’ needs and to assist in any way possible along the supply chain of value-added crop production,” he added.
Although cooperatives only provided financial services before, now they also sell agricultural machinery. “Cooperatives were able to provide 8470 tractors of less than 50 horsepower, including mini cultivators, 5541 tractors that have from 50 to 90 horsepower, and 500 harvesting machines,” said U Aung Thu, minister of Agriculture, Livestock and Irrigation. They also support agricultural mechanisation and the production of high-yield seeds, he added.
Cooperatives loaned K213.24 billion to members across the country. Myanmar’s over 40,000 cooperatives have more than 4.42 million members and say they have created jobs for more than 250,000 people. – Translated
More Info. (Open in a new window)
More News
- FREE SHUTTLE BUS SERVICE FOR GROUP VISITORS TO EXHIBITIONS IN HANOI Hanoi International Electronics and Smart Manufacturing Exhibition / 2026-05-12 09:59:54
- FREE SHUTTLE BUS SERVICE FOR GROUP VISITORS TO EXHIBITIONS IN HANOI Hanoi Print Pack / 2026-05-12 09:57:44
- Get Ready for BTKG 2026 – Event Schedule Revealed! Bangladesh International Textile, Knitting and Garment Industry Exhibition / 2026-05-08 17:02:16
- Foreign Buyer Incentive Program Now Open — Apply NOW! Taipei Int'l Industrial Automation Exhibition / 2026-05-04 19:26:26
- BTKG 2026 Pre-show Press Conference Bangladesh International Textile, Knitting and Garment Industry Exhibition / 2026-04-25 20:34:34
- On-Site Activity - Halls Hunter Bangladesh International Textile, Knitting and Garment Industry Exhibition / 2026-04-23 15:37:15
- On-Site Activity - Post & Pour Bangladesh International Textile, Knitting and Garment Industry Exhibition / 2026-04-15 15:17:18
- BIO Asia–Taiwan Exhibition 2026_Foreign Buyer Incentive Program BIO Asia-Taiwan Exhibition / 2026-03-26 11:52:26
- Transforming Next-Gen PCBs: Advancements in Materials, Processes, and Innovation Intelligent Asia Thailand / 2026-03-03 12:49:31
- IPF Bangladesh 2026 Sets New Milestone with 29,274 International Visitors Bangladesh Int'l PLASTICS, PRINTING & PACKAGING Industry Fair / 2026-02-25 16:23:37
- Seminar Session: Driving the Innovation in the Plastics, Printing & Packaging Industry Bangladesh Int'l PLASTICS, PRINTING & PACKAGING Industry Fair / 2026-01-22 20:45:09
- IPF Bangladesh 2026 Positions Bangladesh as a Rising Hub for Plastics, Printing and Packaging Manufacturing Bangladesh Int'l PLASTICS, PRINTING & PACKAGING Industry Fair / 2026-01-20 13:27:57
- Taiwanese bakery brands making their mark in Vietnam Taipei Int'l Bakery Show / 2026-01-16 15:05:38
- Hanoi International Electronics and Smart Manufacturing Exhibition to Bring Together Companies from 6 Countries, May 20–23, 2026 in Vietnam Hanoi International Electronics and Smart Manufacturing Exhibition / 2026-01-15 17:04:13
- Scoop the Prize! VIETNAMWOOD / 2025-11-03 10:52:16
- VietnamPlas 2025 Successfully Attracted 21,401 International Visitors Vietnam Plas (HCM) / 2025-10-28 10:18:04
- Leisure Japan is coming to Tokyo Big Sight on November 26-28! Taiwan Outdoor Show －OUT。DOOR TaiChung / 2025-10-27 09:02:46
- Leisure Japan is coming to Tokyo Big Sight on November 26-28! Taiwan Outdoor Show - OUT。DOOR Taipei / 2025-10-27 09:02:10
- VietnamPrintPack 2025 successfully concluded with a total of 20,052 professional visitors Vietnam HCM Pack Print Food / 2025-10-17 13:36:26
- Seminar Sessions: Expert Perspectives on Advancing the Printing & Packaging Markets Vietnam HCM Pack Print Food / 2025-09-30 14:54:32