Starting from 1989, after the Congress Party, the country's economy shifted from the mechanism of the economy into the market-oriented SOCIALIST economic model, old-style OPERATIVES really hard and falling into a situation of crisis to dissolve. In such a context, on 12/5/1989-Ho Chi Minh City PEOPLE'S COMMITTEE has advocated converting the purchase of COOPERATIVE management boards became COOPERATIVE purchasing Association of Ho Chi Minh City-Saigon co.op with 2 direct function of business advocacy organizations and COOPERATIVE movements. Saigon co.op is COOPERATIVE economic organizations according to the principles established in the collective ownership, production and business operations of autonomy and responsibility.From 1992-1997, together with the development of the economy of the country, the foreign investment capital in Vietnam make the right business dynamism and creativity to capture the business opportunities, learn management experience from foreign partners. Saigon co.op has started with a joint venture with foreign companies to increase more resources for its development. Is one of the few units have direct IMPORT-EXPORT license of IMPORT-EXPORT activities, the city flourished bringing high efficiency, contributed to establish the prestige, status of Saigon co.op on domestic and foreign markets.The most prominent event is the birth of the first supermarket system is can tho co.op Mart supermarket co. can tho co.op Mart Quynh on 09/02/1996, with the help of the international COOPERATIVE movement came from Japan, Singapore and Sweden. From that type of new retail business, civilization consistent with the trend of development of the Ho Chi Minh City to mark the new Saigon co.op.
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