Ministry of Planning and Investment's Guidance on Evaluation and Classification of Cooperatives

Bich Hoa

12:13, 10/07/2024

The Ministry of Planning and Investment has just issued Circular 01/2020/TT-BKHDT guiding the classification and evaluation of cooperatives.

Based on the results of the self-assessment agreed upon by the Board of Directors and the Supervisory Board (supervisors), the cooperative is classified as follows:

- Good Cooperative: Total assessment score ranges from 80 points to 100 points;- Fair Cooperative: Total assessment score ranges from 65 points to under 80 points;- Average Cooperative: Total assessment score ranges from 50 points to under 65 points;- Weak Cooperative: Total assessment score is under 50 points.

Additionally, Circular 01/2020/TT-BKHDT also stipulates that if the cooperative has been newly established and has been operating for less than 12 months or if the cooperative has ceased operations for more than 3 months within the year, it shall not be assessed and classified.

Detailed content can be found in Circular 01/2020/TT-BKHDT which takes effect from April 1, 2020.

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